Natural Gas - Daily technical Forecast

By IBTimes Staff Reporter | July 23 2010 2:18 AM

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Natural Gas closed higher on Thursday and above the 20-day moving average crossing. The mid-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above Wednesday's high crossing are needed to confirm that a short-term low has been posted. If it resumes the decline off June's high, the reaction low crossing is the next downside target.

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