Natural Gas Forecast April 28, 2016, Technical Analysis

The natural gas markets rose during the course of the day on Wednesday, touching the $2.20 level but pulled back again. This is a market that has plenty of bearish pressure on it as well as bullish. In other words, it’s very likely that were going to continue to see quite a bit of volatility in this area. Having said that, it is probably better to simply avoid this market at the moment, although it is only a matter of time before sellers return in our opinion. Ultimately though, this is a very difficult market at the moment.