DUK: Nat Gas going up,so does Duke

NYSE:DUK   Duke Energy Corporation (Holding Company)
Duke Energy

Short Term-We look to buy at 105.90 (stop at 102.26)

Buying pressure from 97.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has a potential to return. Bespoke support is located at 105.50. There is scope of selling at the opening but we expect support to stem any losses. Preferred trade is to buy dips close to our bespoke support zone .

Our profit target will be 113.95 and 117.00

Resistance: 114.00 / 120.00 / 124.00
Support: 105.50 / 97.00 / 86.00

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