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Natural Gas Exhibits Relative Strength in the Commodity Patch


Thursday October 30th, 2014
Natural Gas Exhibits Relative Strength in the Commodity Patch
by Mike Paulenoff www.MPTrader.com

Ahead of today's next inventory data point-- with The Street expecting a build of 84 BCF compared with last week's +94 BCF, nearby Natural Gas is bid for a third day (so far).

The pattern off of Tuesday's low at 3.54 to this morning's high at 3.83, exhibits bullish form, which argues for upside continuation to 3.95 next.

If the report shows a greater build than expected, weakness should be contained in the 3.72 - 3.68 support zone.

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