Saturday 24 Oct 2020

Technical forecast for Natural Gas

By Jason Sen () · July 15, 2013 · Comments Off
Energy · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

Natural Gas held Thursdays range & topped exactly at 3.690/701, which was our selling opportunity for the day.

Immediate support is 3.634 but below here risks a slide to 3.577/573. A break below 3.565 today then signals a retest of recent lows at 3.531/526. With the outlook still negative we cannot rule out a break lower to very good support at 3.476/473.

If however we can hold above 3.634 look for 3.690/701 to offer a selling opportunity once again with stops above 3.730.

Energy

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Technical forecast for Natural Gas

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