Natural Gas Forecast August 18, 2015, Technical Analysis

Natural gas markets gapped a little bit lower at the open on Monday, and then drove deeper into the bottom of the consolidation area that we have been in for some time now. Because of this, we believe that the market is going to continue to go a little bit lower, but will find buyers sooner or later. After all, this market has been consolidating rather reliably for a while now, and with that we believe that selling is probably risky at this point. On a supportive candle though, we could be convinced to start buying again.