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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 GMT+00:00

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

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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