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Forecast For Natural Gas

Published 02/04/2015, 06:46 AM
Updated 07/09/2023, 06:31 AM
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Natural Gas Daily Chart

Natural Gas March hit our target and strong resistance at 2775/2785. A high for the day was expected and we topped exactly here as predicted. Shorts need stops above 2800 as this will be an added positive buy signal for today to target 2825/30 and perhaps as far as very strong resistance at 2880/2890.

Failure to hold beat at 2775/2785 triggers a move towards 2746 then 2720/10. A low for the day likely but longs need stops below 2700. Below risks a slide to 2675 then support at 2645/35.

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