Thursday, August 6, 2009

Natural Gas Daily Technical Outlook from Oil N Gold

With an intraday top in place at 4.162, intraday outlook in natural gas remains neutral for the moment. While another rise cannot be ruled out as long as 3.603 minor support holds, note that since the current rise from 3.519 is treated as part of consolidation that started at 3.155, upside should be limited by 4.387/575 resistance zone and bring reversal. Break of 3.603 will in turn indicate that rebound from 3.519 has completed and flip bias back to the downside for 3.155/225 support zone. In the bigger picture.....Complete Story

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