Natural Gas Forecast August 5, 2015, Technical Analysis

Natural gas markets rallied during the session on Tuesday, testing the $2.80 level. As we are currently consolidating, we simply wait into we get to the top of that consolidation in order to start selling again. If we get that move towards the $2.90 handle, we are sellers. In fact, the natural gas markets are so bearish that we are not even going to wait until we get a signal, we are simply just going to start selling right away. Ultimately, we believe that this market will reach back towards the $2.65 level given enough time.