Market Overview

Technical Forecast for Natural Gas

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.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Commodities Markets Trading Ideas


Related Articles

View Comments and Join the Discussion!