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Nat Gas: Overbought Short Term

Published 03/18/2014, 03:27 AM
Updated 07/09/2023, 06:31 AM

Nat Gas Weekly Chart

Natural Gas hit our upper target and resistance at 4580/90 and topped exactly here. We are a little overbought short term so the 4550 could hold the topside today and prices could turn lower to support at 4490/80. If we continue lower we have a gap to fill at 4430/20 and a low for the day expected here.

A break above 4590 however is more positive and targets 4670/75. A high for the day very possible here but if we continue higher we could retest last week's high at 4730/36.

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