Advertisement
Advertisement

Nat Gas November contract Daily Forecast – 15 October 2014

By:
FX Empire Editorial Board
Updated: Aug 25, 2015, 01:00 UTC

Natural Gas volatile but still just holding last week's range of 3815-4000. Yesterday retested September lows at 3812. A break lower cannot be ruled out

Nat Gas November contract Daily Forecast – 15 October 2014

Nat Gas November contract Daily Forecast - 15 October 2014
Nat Gas November contract Daily Forecast - 15 October 2014
Natural Gas volatile but still just holding last week’s range of 3815-4000. Yesterday retested September lows at 3812. A break lower cannot be ruled out this week despite oversold conditions however & could target this year’s low for the November contract at 3786. This of course is crucial. A break lower & a close below 3770 tonight signals the start of the next bear trend with first target of 3735/25. Below here risks a retest of of 2013 lows at 3654.

We have held a range of 3806/15 up to 3950/65 for 6 days now & can only trade this range while we wait for a breakout. Immediate resistance at 3890/3900 but above here targets strong resistance at 3950/65. A break above 3965 could target resistance at 3995/99.

Natgas 2
Natgas 3

About the Author

FX Empire editorial team consists of professional analysts with a combined experience of over 45 years in the financial markets, spanning various fields including the equity, forex, commodities, futures and cryptocurrencies markets.

Did you find this article useful?

Advertisement