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Reading the Signs: Natural Gas Bulls Eyeing a Reversal
video Today is the first time in seven trading days that the current day’s trading range exceeded the high of the prior day. This is a minor sign of strength within a downtrend as yesterday’s high of 2.385 was exceeded to the upside. An additional sign of strength will occur if today closes above yesterday’s high. Yesterday’s low of 2.235 may have completed the retracement. chart Rise Above Prior Day’s High is a Start: Today’s bullish price action is the start of a possible continuation to the upside, but it is only a start. The relative strength index (RSI) has reached an extreme overbought condition ... (full story)