IMO heading lower... Ng is looking like it will head lower it tested the five hour hammer on 08/03/2012 and went lower. Ng may bounce up but don't expect it to keep going, the high looks around $2.95 Ng. The next hammer test is 07/11/2012 with a low of $2.7225 I would expect a little bounce from this point to ??? probably the $3.00 range then down.If it hits the $2.722 and doesn't go lower then it should go up for a little while to what that is the question. If it proceeds to test the $2.722 and heads lower then we will go lower, there also will be a good chance we bounce around for all you daytraders out there that trade by the min, for myself I consider that just market noise.