Technical forecast for Natural Gas
Natural Gas moved back up towards 4.230/250 for another chance to exit longs & try shorts & hit support at 4.163/133 to bottom out as expected.
Technical forecast for WTI Crude
WTI Crude hit our target & support at 92.80/75 & although we tested the 200 day moving average at 92.30 we just held on to allow longs to be held for the expected bounce.
Technical forecast for RBOB
RBOB Gasoline bounced ahead of 277.95/10. This is good support as stated yesterday & we look oversold in the short term…
Technical forecast for Brent Crude
Brent Crude broke support at 101.35/20 but being very oversold in the short term we bounced ahead of our buying opportunity at 100.26 & recovered to 102.40/50 resistance.
Technical forecast for Natural Gas
Natural Gas hit our next target of 4.230/250 where we advised to exit longs & try shorts.
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