Tuesday, 26 April 2011
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Natural Gas Technical Analysis April 26, 2011
Natural gas finished the day fairly unchanged, and stalling at the beginning of the massive resistance area from $4.40 to $4.50. This shows how important this area might become, as it could be the launching point for a bullish run. For the time being, it looks like it might hold. However, if we get a close above $4.50, it could signal new buying coming into the market. A pullback seems likely at the moment though.
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