Nat Gas held tested last week’s low at 3.207 & bounced to our first target of 3.293. This has also marked the high so far a but a break above 3.305 could see us achieve 3.327/330 next. If we keep going look for 3.359 which should see us top out for today.

Support at 3.265 could hold any profit taking but below 3.250 risks a retest of 3.207. This should hold the downside again if tested with 5 month trend line support here.



Long term levels

3.933     2012 High

3.796     200 Week Moving Average

3.748     December High

3.459     Last Week’s High

3.443     100 Day Moving Average

3.332     100 Week Moving Average

3.256     Last Week’s Low

3.079     Weekly 38.2% Fibonacci

3.072     200 Day Moving Average


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