Technical forecast for Natural Gas

nat_gas4

Natural Gas beat 3.500 to fill the gap at 3.548/556 for a selling opportunity. We over ran slightly to 3.562 but have eased & could continue lower to 3.501 & may be as far as good support at 3.463/460. Exit shorts here & look for a bounce from here.

3.556/562 remains tough resistance & could hold the topside again but a break higher cannot be ruled out and could target 3.630. Exit longs & try shorts with stops above 3.659.

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