#NaturalGas closed lower on Thursday renewing the decline off - TopicsExpress



          

#NaturalGas closed lower on Thursday renewing the decline off Marchs high. The low-range close sets the stage for a steady to lower opening when Fridays night session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If it extends this months decline, the 62% retracement level of the February-March rally crossing is the next upside target. Closes above the 20-day moving average crossing would temper the near-term bearish outlook.
Posted on: Fri, 14 Mar 2014 06:25:53 +0000

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