Nat Gas fell just short of the 3.478 target which we saw as a good selling opportunity. We have fallen sharply through all support to test 3.265/258. We should see a bounce off here today & could head back to 3.387 resistance.

However a break below 3.240 then keeps the market under pressure for a test of last week’s low at 3.207.



Long term levels

3.933     2012 High

3.800     200 Week Moving Average

3.748     December High

3.435     100 Day Moving Average

3.396     Last Week’s High

3.343     100 Week Moving Average

3.207    Last Week’s Low

3.079   Weekly 38.2% Fibonacci

3.061 200 Day Moving Average


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