U.S Natural Gas May Trade Around 3.42-3.48 Range
CommodityOnline | Jul 31, 2013 03:36AM ET
Natural Gas closed lower on Tuesday as it extends this decline off May's high. The low range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near term. If it extends the aforementioned decline, January's low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a short term low has been posted.
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