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Technical forecast for Natural Gas

By () · August 20, 2013 · Comments Off on Technical forecast for Natural Gas
Energy · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

Natural Gas broke 3.426/434 but did not quite fill the gap at 3.548. We have held support at 3.445 and need to watch this level today being overbought short term. A break lower would target good support at 3.412/410 & a low for the day likely. May be worth trying longs but with stops below 3.380 for the next support & a buying opportunity at 3.358/353.

Yesterday’s high at 3.501 should be a struggle & it is only on a break above the gap at 3.548 that we can continue higher.

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