Thursday, October 18, 2012

Natural Gas‏ (Nov 12 - NYMEX) ST: as long as 3.25 is support look for 3.99


Our pivot point is at 3.25.
Our preference: as long as 3.25 is support look for 3.99.
Alternative scenario: below 3.25, expect 2.97 and 2.81.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace in the short term. the price is above its 20 and 50 day MA (respectively at 3.35 and 3.02).


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