Natural gas was higher overnight and is trading above the 10 day moving average crossing at 3.45 Stochastics and the RSI are oversold and are turning bullish hinting that a short term low might be in or is near.
Closes above the 20 day moving average crossing at 3.729 are needed to confirm that a short term low has been posted.
If August extends the decline off June's high, weekly support crossing at 3.155 is the next downside target.
Wednesday's pivot point for Natural Gas is 3.42
First resistance is the overnight high crossing at 3.51
Second resistance is the 20 day moving average crossing at 3.73
First support is Monday's low crossing at 3.23
Second support is weekly support crossing at 3.16
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