U.S Natural Gas May Trade To Lower Levels

 | Aug 28, 2013 03:34AM ET

Natural Gas posted an inside day with a higher close on Tuesday. The high range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI have turned bullish signalling that a short term low might be in or is near. Closes above the 20day moving average crossing would confirm that a short term low has been posted. If it renews this year's decline, psychological support crossing is the next downside target.