Support and Resistance Trading Forum

Re: Looking for comments on natural gas *PIC*
By:Alan C.
Date: 8/14/2009, 12:57 am
In Response To: Looking for comments on natural gas (NeilVee)

October Natural Gas looks to me to be moving once again to 3.58, the contract low, having dropped through 3.75 support on Thursday. Long-term and short-term trends are down. 10-year seasonal trend is currently up, but changes to down by end of August. (15-year seasonal trend is similar.) 14-day exponential RSI dropped through two up-trend lines last Friday and currently shows no sign of recovering strength. I suspect that price will probably bounce at 3.58, perhaps back to 3.75. However, whether 3.58 will hold remains to be seen.

Responses To This Message

Re: Looking for comments on natural gas
NeilVee -- 8/14/2009, 10:21 am
ONLINE COMMODITIES TRADING