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发表于 2011-5-2 01:23 PM
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ZT:
May 02 11 06:03 ET
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG)
With 4.555 minor support intact, intraday bias in Natural gas remains on the upside for 100% projection of 3.731 to 4.48 from 3.99 at 4.739 and then 4.879 key resistance next. On the downside, below 4.555 minor support will turn bias neutral and bring consolidations. But downside should be contained by 4 hours 55 EMA (now at 4.441) and bring another rise.
In the bigger picture, price actions from 6.108 should be consolidations to rebound from 2.409 only, no change in this view. Current development argues that such fall has completed with a head and shoulder bottom reversal pattern (ls: 3.81; h: 3.255; rs: 3.731). Focus is now on 4.879 resistance. Break will confirm this case and should bring medium term rally through 6.108 resistance to 38.2% retracement of 13.694 to 2.409 at 6.72.
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