The natural gas markets as you can see fell during the course of the day on Tuesday, testing the $3.80 level. That area is pretty significant as far as
The natural gas markets as you can see fell during the course of the day on Tuesday, testing the $3.80 level. That area is pretty significant as far as support is concerned though, so that being the case we feel that there should be plenty of buying pressure in this area, but if we break down below $3.80 and close on the daily chart, that would be a very negative sign and we feel at that point in time it would be the beginning of another leg at lower and the natural gas markets. On the other hand, we break the top of the candle from the session on Tuesday, the market will more than likely head to the $4.10 level.
Natural Gas Forecast October 15, 2014, Technical Analysis
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.
