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Natural Gas April Contract

Published 04/10/2013, 10:05 AM
Updated 07/09/2023, 06:31 AM
Natural Gas Trends
Daily Forecast April 10, 2013
Natural Gas broke support at 4.068/058 as feared to test the next support at 3.983. We held on just above here but the outlook is still quite weak and there is a risk of a break lower toward very strong support at 3.931 where we would expect to see a floor here. We could buy in to longs with a stop below 3.860.

Resistance is at 4.058 and could be hard to beat today. However a push higher should allow a move back up to 4.105 to try shorts. We need stops then above 4.125 for another test of 4.150/180 highs. We should top out here again if we reach this far this week but on a push through 4.180 look for 4.230 then 4.520 later in the week.

Latest comments

Dear Jason Nice article But can u suggest would there be a correction of downtrend in NG before april 25 as i am in short since $3.72
Hi Jigar, I am sorry but I do not give personal advice here on this website. Good luck!
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