11 Feb 2015
Natural Gas strength triggers a buy signal – MPTrader
FXStreet (Barcelona) - Mike Paulenoff of MPTrader, gives the technical outlook for Natural Gas, noting that a break above 2.73 might signal towards a powerful recovery phase.
Key Quotes
“After triggering a preliminary buy signal at 2.69, Natural Gas has climbed towards a test of its Nov-Feb resistance line, now in the vicinity of 2.73, which if hurdled and sustained, will confirm that a significant low has been established at 2.567 on Feb 6, and that a new, potentially very-powerful recovery up-phase has commenced.”
Key Quotes
“After triggering a preliminary buy signal at 2.69, Natural Gas has climbed towards a test of its Nov-Feb resistance line, now in the vicinity of 2.73, which if hurdled and sustained, will confirm that a significant low has been established at 2.567 on Feb 6, and that a new, potentially very-powerful recovery up-phase has commenced.”