February 11th, 2012
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NGN09

NGN09 – Natural Gas (Last:4.449)

by Rick Ackerman on May 12, 2009 12:01 am GMT

natgas-targetNatural Gas futures have been on quite a tear lately, but the rally will face its first challenge in the form of a Hidden Pivot resistance at 4.485 (basis July). The pivot lies not far above current levels and should contain the move for at least an hour or two. If not and the futures blow right past it, take it is a sign that more strength is coming.