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From : Commodities Daily Hotline: 21 October 2014
Chart of the day: Natural Gas breaks Nov support

 

In the Energy sector, Natural Gas appeared to be building a base since July.  However, that pattern has turned out to be another top area.  Having dropped out of the trading band last week, the price of this contract has gone on to breach support at the November 2013 floor at 3.796, falling to a new contract low.  The top-heavy picture should force still lower levels and a short trade is opened.  The stop is placed at 4.10 for now.

 






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