Natural Gas Forecast November 4, 2015, Technical Analysis

The natural gas markets did very little during the course of the day on Tuesday as we continue to meander just below the $2.30 level. Because of this, we think that the market is essentially trying to build up enough momentum for a bit of a bounce, but we will ignore that bounce and sell when signs of exhaustion appear afterwards. We also would sell below the $2.20 level, as it would show a significant increase in the downward pressure as we reach towards the $2.00 level over the longer term. We have no interest whatsoever in buying.