Natural Gas Forecast August 17, 2015, Technical Analysis
The natural gas markets went back and forth during the course of the session on Friday, essentially hugging the $2.80 level. With this, we feel that the market could bounce from here, but quite frankly we would be looking to sell this market at higher levels. We think that the market is inherently bearish, but at this point in time we are simply consolidating and will probably continue to do so overall. At this point in time, we have no interest whatsoever in buying natural gas, as the supply of natural gas as far too large for demand.