Natural Gas Technical Analysis

on May 11 2012 4:52 AM

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NATURAL GAS closed higher on Thursday and the lowrange close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain neutral to 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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