Nat Gas took a tumble as expected to good support for the day at 3.300/3.258 and we bottomed out exactly here at 3.267. However we are lower again today and looking like we can target 3.209/06 now. We should look over sold in the short term at this stage so may hold a low here. However a break of 3.175 could keep the pressure on for 3.122 then 3.087.

A bounce looks unlikely but we would run in to resistance at 3.300 which would be tough to beat. However a break above 3.330 may allow for further gains to a target of 3.366/86.




Long term levels

3.933     2012 High

3.804     200 Week Moving Average

3.748     December High

3.645     Last Week’s High

3.411     Last Week’s Low

3.348     100 Week Moving Average

3.399     100 Day Moving Average

3.079     Weekly 38.2% Fibonacci

3.006     200 Day Moving Average


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