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