Technical Forecast for Natural Gas

Natural Gas moved back up towards 4.230/250 for another chance to exit longs & try shorts & hit support at 4.163/133 to bottom out as expected. We then shot through 4.230/250 to keep the upward momentum going for a test of 4.310/ 324 today. If attempting shorts here we need stops above 4.364 for a test of recent highs at 4.400-4.444.

 

4.250/230 is now good support & could hold the downside. However below here look for a buying opportunity at 4.163/133 with stops below 4.120.