Natural Gas Technical Analysis

By Roger Baettig | May 04 2012 10:00 AM

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NATURAL GAS closed higher on Thursday and the highrange close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off last week's low, the reaction high crossing is the next upside target. Closes below the 20day moving average crossing would signal that a shortterm top has been posted.

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