Nat Gas made it through resistance at 3.300/310 as we look for the next target of 3.374/386. It looks like this could cap the market today but if we manage a push through this resistance we should close the gap towards 3.426 and top out here.

There is a little support at 3.310 today but below here look for 3.258/240 which may hold the downside but a break targets the week’s low at 3.215/207. Below here we hit strong support from the 5 month trend line at 3.175 which should see us bounce but a break could keep the pressure on for 3.122 then 3.087.



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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