Natural Gas Forecast February 5, 2015, Technical Analysis
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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