Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Nat Gas Hitting Resistance At 3850/60

Published 10/30/2014, 03:54 AM
Updated 07/09/2023, 06:31 AM

Nat Gas Technicals

Natural Gas December hitting resistance at 3850/60 yesterday. Failure to hold above 3895 today risks a slide to support at 3770/60 which could hold the downside as the outlook turns more positive in the short term. However, longs need stops below 3735 for a test of support at 3710/05. Try longs here looking for a low for the day but with stops below 3690.

Holding 3795 sees a retest of strong resistance at 3850/60. A good chance of a high for the day here again as we because overbought short term. However shorts need stops above 3880. Be ready to go with a break higher then using 3860 as support for a move towards 3900/05 & perhaps as far as strong resistance at 3925/35.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.