Putting the near-term uptrend for natural gas in perspective

Major downtrend and intermediate downtrend for natural gas. Near-term uptrend will meet heavy resistance at the 40-week moving average. A break above this average would indicate a test at $2.50. Natural gas has a long way to go before it is out of the woods.

Major downtrend and intermediate downtrend for natural gas. Natural gas will meet heavy resistance at the 40-week moving average. A break above this average would indicate a test at $2.25. Natural gas has a long way to go before it is out of the woods.

http://www.eia.gov/naturalgas/

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