Natural Gas Technical Analysis

By Roger Baettig | April 27 2012 3:21 AM

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NATURAL GAS closed lower on Thursday and the lowrange close sets the stage for a steady opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that a low might be in or is near. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If it extends the multiyear decline, monthly support crossing is the next downside target.

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