Natural Gas has good support around the 200 day moving average at 3.095/085. We also have daily & weekly Fibonacci support and mid Jan lows so this is an important level & we should bottom here. Worth exiting shorts & trying longs with a stop below 3.050.

Resistance at 3.200/202 looks unlikely to be broken just yet. However if we do push higher look for 3.224, possibly 3.245/250 for an excellent selling opportunity.



Long term levels

2012 High

200 Week Moving Average

December High

100 Day Moving Average

100 Week Moving Average

Last Week’s High

Last Week’s Low

200 Day Moving Average
Weekly 38.2% Fibonacci

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