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Natural Gas forecast for the week of January 25, 2016, Technical Analysis

By:
Christopher Lewis
Updated: Jan 23, 2016, 06:51 UTC

The natural gas markets gapped a little bit lower at the open of the week and then formed a positive candle. However, the candle is very short in

Natural Gas forecast for the week of January 25, 2016, Technical Analysis

The natural gas markets gapped a little bit lower at the open of the week and then formed a positive candle. However, the candle is very short in comparison to the previous negative candle, and that being the case it is a far cry from turning the situation around. We are in a longer-term downtrend, and at this point time we believe that resistive candles will be selling opportunities as well as a break down below the bottom of the range for the week. We have no interest in buying at this point.

Natural Gas forecast for the week of January 25, 2016, Technical Analysis
Natural Gas forecast for the week of January 25, 2016, Technical Analysis

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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