NATURAL GAS closed lower on Thursday. The midrange close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. Closes below the reaction low crossing would confirm that a shortterm top has been posted. If it renews the rally off August's low, the 50% retracement level of the 20112012decline crossing is the next upside target.
Copyright HY Markets All rights reserved.