Technical Forecast for Natural Gas

Natural Gas held Thursdays range & topped exactly at 3.690/701, which was our selling opportunity for the day.  

 

Immediate support is 3.634 but below here risks a slide to 3.577/573. A break below 3.565 today then signals a retest of recent lows at 3.531/526. With the outlook still negative we cannot rule out a break lower to very good support at 3.476/473.

 

If however we can hold above 3.634 look for 3.690/701 to offer a selling opportunity once again with stops above 3.730.