Tuesday, November 20, 2012

Natural Gas‏ (Dec 12 - NYMEX) ST: the upside prevails as long as 3.53 is support

Our pivot point is at 3.53.
Our preference: the upside prevails as long as 3.53 is support.
Alternative scenario: below 3.53, expect 3.28 and 3.12.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 day MA (respectively at 3.61 and 3.4). Natural Gas (DEC 12-NYMEX) is currently trading near its 52 week high reached at 3.84 on 19/11/12.


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