Nat Gas : Push Higher Is Positive
Jason Sen | Mar 31, 2014 07:22AM ET
Natural Gas May is testing support at 4450/45 but below here meets 4410/05 and a good chance of a bounce from here. However if we continue lower look for a buying opportunity at 4375/70, with stops below 4350.
If we can hold on to 4445 we could reach resistance at 4495/4500. A push higher is more positive and sees 4525 before last week's high and strong resistance at 4570/75. We should struggle here so watch for a high for the day once again, but a break higher perhaps later in the week targets 4645/50 for a selling opportunity.
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