Natural Gas made it as far as resistance at 3650/55 & topped almost exactly here at 3644. However we have held support at 3545 as predicted & it
Nat Gas November contract Daily Forecast - 28 October 2014Natural Gas made it as far as resistance at 3650/55 & topped almost exactly here at 3644. However we have held support at 3545 as predicted & it is starting to look like the downside is more limited despite the strong bear trend. Our first challenge is 3585/90 but above here opens the door to a test of resistance at 3630/40. A high for the day certainly possible but shorts need stops above 3660. Be ready to go with a break higher to target 3675/80 then strong resistance at 3695/9700 for an excellent selling opportunity.
Good support at 3555/45 & again a good chance this will hold the downside but be aware a break lower should then target 3495/90. A break below 3480 adds pressure to target 3410/00.
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