U.S Natural Gas Is Bullish, Support At $3.609 Levels
CommodityOnline | Jul 11, 2013 04:29AM ET
Natural Gas closed higher on Wednesday. The low range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near term. If it extends the rally off last week's low, the 62% retracement level of the February-April decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a short term top has been posted.
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