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Natural Gas: Forecast February 19

Published 02/19/2013, 07:28 AM
Updated 07/09/2023, 06:31 AM
Natural Gas
Natural Gas has good support around the 200 day moving average at 3.095/085. We also have daily and weekly Fibonacci support and mid Jan lows so this is an important level and we should bottom here. Worth exiting shorts and trying longs with a stop below 3.050.

Resistance at 3.200/202 looks unlikely to be broken just yet. However if we do push higher look for 3.224, possibly 3.245/250 for an excellent selling opportunity.

Latest comments

Hi Jason, i have initiated a sell trade at 2.59. What should be the stop according to you.
Good Morning Jason, Thanks a ton for the early report. Will keep the levels in mind for my trade. Are you based out of USA.
I am based in Gibraltar. I cover about 30 markets & my forecasts are completed by 6.30am UK time for the market open as my clients are banks & hedge funds. Thanks again for following me!
Your welcome jason. Thank you for the prompt reply.
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