Natural Gas Forecast August 26, 2015, Technical Analysis

The natural gas markets went back and forth during the course of the session on Tuesday, essentially forming a neutral candle. There is a significant amount of support below at the $2.65 level, so therefore we are not comfortable selling. However, we certainly don’t have a move right now that looks like it’s an invitation to start buying either. With this, we are on the sidelines and will have to keep an eye on this market in the meantime. We definitely prefer selling over buying though even if we are in a fairly reliable range.