Copyright HY Markets All rights reserved.
NATURAL GAS closed higher due to short covering on Tuesday and the highrange close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it renews the rally off August's low, the 38% retracement level of the 20112012decline crossing is the next upside target.