NATURAL GAS closed slightly higher on Tuesday as it extends the rally off June's low. The midrange close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are neutral hinting that additional weakness is possible nearterm. If it extends the rally off June's low, the 38% retracement level of the 20112012decline crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted.
Join the Discussion