Market Overview

Technical Forecast for Natural Gas

Technical Forecast for Natural Gas


Natural Gas unable to beat 3.500 for the third day. We are getting overbought so we should struggle here again today but stops on shorts above 3.520 needed. We should then fill the gap at 3.548/556 for a selling opportunity today.


Good support at 3.412/410 for trying longs today with stops below 3.385. However the outlook is turning more negative so be ready to go with a break lower for a move towards the next support at 3.360/355 & a buying opportunity. We should see a short term bounce from here but on a break lower look for 3.330/315 & perhaps as far as 3.275/70 for a buying opportunity with stops below 3.255.

The preceding 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!