Natural Gas forecast for the week of August 10, 2015, Technical Analysis

The natural gas markets tried to rally again during the previous week, but as you can see struggled above the $2.80 handle. With this, the market fell back and formed a shooting star. With this, we feel that the market will continue to be one that you can sell every time it rallies, but it’s going to be difficult to do on longer-term charts. With this, we prefer to trade off of shorter-term charts as the markets continue to show quite a bit of volatility in late summer trading. With this, we are looking to shorter-term frames.