Natural Gas forecast for the week of May 1, 2017, Technical Analysis
The natural gas markets initially fell but found enough support near the $3 level to turn things around and break much higher. On top of that, we broke above the $3.25 level, which is a psychological barrier. However, longer-term traders will have to be aware of the $3.33 level, and
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The natural gas markets initially fell but found enough support near the $3 level to turn things around and break much higher. On top of that, we broke above the $3.25 level, which is a psychological barrier. However, longer-term traders will have to be aware of the $3.33 level, and a break above there is needed for the longer term traders to hold onto a bullish move in the natural gas markets. This is probably more suited for short-term traders at the moment, although it certainly looks bullish.
NATGAS Video 01.5.17
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