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Natural Gas forecast for the week of October 6, 2014, Technical Analysis

By:
Christopher Lewis
Published: Oct 4, 2014, 05:57 UTC

The natural gas markets went back and forth wildly during the week, hovering around the $4.00 level. This market looks as if it is going to be very

Natural Gas forecast for the week of October 6, 2014, Technical Analysis

The natural gas markets went back and forth wildly during the week, hovering around the $4.00 level. This market looks as if it is going to be very volatile in this general vicinity, and as a result we feel that this market will continue to consolidate in a relatively short range. With that, it’s difficult to trade the natural gas markets for the longer term, and we will keep our trades to the shorter-term charts such as the daily, and under. Ultimately, we think that the market has found the range that it wants to be in for some time.

 

 

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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