Nat Gas: Should Stage a Recovery
Jason Sen | Mar 19, 2014 06:16AM ET
Natural Gas headed lower from 4550 as predicted almost filling the gap at 4430/20. We bottomed at 4446 but should stage a recovery today to 4490 then 4525/35. We should struggle with a high for the day likely. However, any shorts need stops above 4560. Go with a break higher then looking for 4585/90 then 4630 and perhaps as far as 4670/80 for a selling opportunity this week.
Immediate support is 4460/50 and could hold the downside again today. Only a break below the gap at 4425 adds pressure today and targets 4395/90 before a buying opportunity at 4350/40 again this week.
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