Natural Gas Forecast October 6, 2014, Technical Analysis

The natural gas markets rose slightly during the session on Friday, hovering around the $4.00 level. That being the case, it appears that the market will continue to consolidate between the $3.80 level and the $4.20 level overall, meaning that we are essentially in no man’s land at the moment, meaning that we can’t take a trade in either direction at this point in time. However, once we get closer one of those aforementioned levels, we could place a trade in one direction or the other depending on the candle shave and the levels.