Natural Gas Plunges

07/18/2008 12:00 am EST


Thomas Aspray

, Professional Trader & Analyst

Natural gas has plunged along with crude, down over 20%. The daily uptrend is just below current levels with the 200 day MA and long term support in the $9.30-9.70 area.Volume has been heavy so time will be needed to repair the technical damage. Still should bemuch higher by winter.

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