Natural Gas Forecast November 3, 2015, Technical Analysis

The natural gas markets fell slightly during the course of the session on Monday, as we continue to see weakness in this market. However, we think that a bounce could be coming and that of course would be a selling opportunity. We think that the downtrend continues, and have no interest whatsoever in buying natural gas as it is so weak at the moment. Ultimately, we believe that there is more than enough resistance above at the 2.50 level to keep this market very soft over the longer term, as supply far outweighs demand.