Natural Gas (NG) Weekly MACD Trying to Positively Cross

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Natural Gas (NG) saw some profittaking yesterday after Tuesday's massive rally, and will likely remain in a tight range ahead of today's highly anticipated weekly storage figures release at 1030am EST. Significantly, NG is nearing the psychologically key 3 whole figure level again, and could very well test this resistance level today in the hour leading up to or following the storage data. The weekly and daily RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains. I am looking to enter long assuming NG rallies after the storage data, and will likely place a stop buy 0.02 above the market price 5min before 1030am EST with a 0.02 trailing stop.



Natural Gas (NG) Weekly/Daily/4hr

NG (Natural Gas) Technical Analysis

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