Thursday
Jan 08th
Natural Gas Future - Update - Technical Analysis 15 feb 08
On Tuesday 12th February we wrote about Nat Gas future (march delivery), we expected it to close the gap left open on Monday 11th. It seems that it tried to close the gap on Wednesday missing a perfect closure for 6 ticks only. It was then pushed again above the red dashed trend line and it made a long spike towards 8.755 level where we expected to find its first resistance. Today it is trading few ticks above that level. Next resistance 9.080, support red dash line (8.380).
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