Natural Gas forecast for the week of August 31, 2015, Technical Analysis
The natural gas markets initially fell during the course of the week, gapping lower at the beginning. However, we found enough support below at the $2.65 region in order to show signs of strength. With this, we believe that the market is going to reach back towards the $3.00 level,
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The natural gas markets initially fell during the course of the week, gapping lower at the beginning. However, we found enough support below at the $2.65 region in order to show signs of strength. With this, we believe that the market is going to reach back towards the $3.00 level, as we continue the overall consolidation. Having said that though, we still recognize that selling is going to be easier than buying. We believe ultimately this market will continue to bounce around in this general vicinity, as the range has been so reliable.
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