NATURAL GAS closed lower due to profit taking on Monday and the lowrange close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. Multiple closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted. If it renews the rally off June's low, February's high crossing is the next upside target.
Join the Discussion