Nat Gas has been stuck in a range for 4 sessions now. Resistance at 3.374/386 with 3.258/240 acting as support. A break lower should target last week’s low at 3.215/207. Below here we hit strong support from the 5 month trend line at 3.185 which should see us bounce but a break could keep the pressure on for 3.122 then 3.087.
3.374/386 remains resistance today but if we break last week’s high at 3.396 we should close the gap towards 3.426 and top out here. We can exit any longs here and try shorts with a stop above 3.445.
The article was first published by DayTradeIdeas.com
Most Popular Slideshows
- Victoria's Secret Fashion Show 2013: Models' Ramp Walk Aired on Tuesday [PHOTOS]
- Victoria's Secret Fashion Show 2013: Bold, Sexy and Sensuous Lingerie Fashion [PHOTOS]
- Victoria's Secret Fashion Show 2013: Drooling Guys, Conscious Girls, Naughty Jokes on Twitter [SEE PHOTOS]
- Victoria's Secret Fashion Show 2013: Best Pictures From The Sexiest Show Ever [ SEE PHOTOS/VIDEOS]