By CommoditiesMansion.com
The Nat Gas market has broken out and above the range it was stuck in by the previous 2 days dojis. This is a very bullish sign, and now the only real question is where we are going to find the next round of resistance. The next two resistance areas are certainly going to be $4.35 and $4.50 respectively. We should find support at $4.10, as it held both of those dojis in check and supported them for those two days of trading.
Expect bullishness as traders bet that nuclear mishaps make regulators look into using more natural gas in the short-term. It is also suspected that large shipments of LNG will be needed by Japan in order to power its society for the next few years as well.
