Panhandle Eastern Daily Gas Prices Up on Day
Panhandle Eastern Nat gas prices up 23.5 cents/MMBtu on the day, according to NGI.
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The trend condition in Treasury futures is unchanged and the needle points south. Monday’s bearish start to the week, has once again, confirmed a resumption of the downtrend. Sights are on 107-04 next, a Fibonacci projection. Note too that moving average studies remain in a bear-mode position highlighting a dominant downtrend. Key short-term resistance is seen at 108-21+, the 20-day EMA. Gains would be considered corrective.