Natural Gas Forecast October 24, 2014, Technical Analysis

The natural gas markets fell during the course of the day on Thursday, bouncing around and testing the $3.60 level. With that being the case, we feel that the market should continue to drop and head towards the $3.50 level, an area that’s going to be much more supportive than what we are presently seeing. Because of this, we are more than willing to sell this market every time it rallies and believe that the sellers will continue to call the shots in this marketplace. We have no interest in buying until we get well above the four points or zero dollars level, something that doesn’t look very likely.