Technical forecast for Natural Gas

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Natural Gas broke 4.163 as we close in on our next target of 4.230/250. We are overbought short term so exit longs & try shorts here with stops above 4.275.

A drift lower finds support at 4.163/133 & a low for the day possible but below here sees 4.097. If we continue lower look for good support at 4.078/063.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More