FX.co ★ NATURAL GAS (#NG) Rebound January 20, 2012 (Daily Strategy)

NATURAL GAS (# NG)

Natural gas futures are trading at $ 2,310 per million British thermal units during the American session, since the beginning of the fall in June 2011 the natural gas is at historic lows. With 8-month downtrend, the # NG has the Rollover on January 22, 2012, we believe that these changes in contracts, at least give a correction of all downward trend that leads. Our goal in this exercise - we will place upward just at the 23.6% Fibonacci retracement about 2,906
In addition, Momentum indicators and range, show marked signs of oversold.