The one-stop source for the latest fundamental news and technical viewpoints on the natural gas market
natural gas
Tuesday, September 16, 2014
Natural Gas Weekly Chart Update
The weekly natural gas chart shows the long term trend line support that was broken in July near the 4.000 level.
Over the following 9 weeks, the market has been consolidating below former trend line support. A rally in mid-August topped out at a 4.101 high holding below trend line resistance.
A rally back over former trend line support currently at 4.150 is needed to turn the longer term trend back higher.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment