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Natural Gas Forecast February 28, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Feb 28, 2017, 10:33 UTC

Natural gas markets gapped lower at the open on Monday, as we continue to see bearish pressure longer term. I think that the $2.75 level above will begin

Natural gas daily chart, February 28, 2017

Natural gas markets gapped lower at the open on Monday, as we continue to see bearish pressure longer term. I think that the $2.75 level above will begin a significant amount of resistance, so anytime become closer that is or selling off, I’m willing to short this market. Alternately, a breakdown below the lows of the session on Monday would have me selling as well as we should then reach towards the $2.50 level under that. Anytime we rally, I believe it’s going to continue to be and I selling opportunity. I have no interest in buying.

NATGAS Video 28.2.17

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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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