Finance Blogs

Wednesday 4 February 2015

Natural Gas Forecast February 5, 2015, Technical Analysis

ng inventory
The natural gas markets as you can see fell during the course of the session on Wednesday, as we continue to show bearish pressure in this marketplace. That being the case, the market should ultimately continue lower, probably heading down to the 2.50 handle. Ultimately, any rally at this point time should run into significant resistance of the 2.80 handle. With that, the market looks as if it is one that you can only sell, but we don’t have the right setup at this point in time, so we are negative, but we are not trading this market at this moment.







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