Technical Forecast for Natural Gas

Natural Gas managed a break above 3.692/701 to reach our upper target of 3.785 & surprised with continued gains to 3.835. We can continue higher again today for Fibonacci resistance at 3.869/877. A high for the day is possible here but just above is the 100 day moving average at 3.910 for a selling opportunity.

 

If we see a drift lower look for support at 3.785 but below here we may see 3.743.