Natural Gas forecast for the week of January 25, 2016, Technical Analysis

The natural gas markets gapped a little bit lower at the open of the week and then formed a positive candle. However, the candle is very short in comparison to the previous negative candle, and that being the case it is a far cry from turning the situation around. We are in a longer-term downtrend, and at this point time we believe that resistive candles will be selling opportunities as well as a break down below the bottom of the range for the week. We have no interest in buying at this point.