NATURAL GAS closed lower on Monday and the lowrange close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bearish signalling that additional weakness is possible nearterm. Closes above the 20day moving average are needed to confirm that a low has been posted. If it extends the decline off July's high, the 75% retracement level of the AprilJuly rally crossing is the next downside target.
Join the Discussion