Trading Forecast Natural Gas

Natural Gas closed higher on Thursday as it rebounds off the 75% retracement level of March's rally crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it renews the decline off March's high, the March's rally crossing is the next downside target.

(Source: http://www.ibtimes.com/articles/134674/20110415/trading-forecast-natural-gas.htm)