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Natural Gas Forecast October 3, 2014, Technical Analysis

By:
Christopher Lewis
Updated: Aug 24, 2015, 22:00 UTC

Natural gas markets fell during the course of the day on Thursday, testing the $3.90 level. That area has brought in buyers from time to time, as we

Natural Gas Forecast October 3, 2014, Technical Analysis

Natural gas markets fell during the course of the day on Thursday, testing the $3.90 level. That area has brought in buyers from time to time, as we continue to consolidate in this general vicinity. With that, we feel that the market would be a decent market to start buying on a supportive candle, but we do not have it yet. The market looks as if it’s ready to just simply bang around between the $3.80 level and the $4.20 level. With that, looking for short-term buying opportunities, but don’t see any at the moment.

 

Natural Gas Forecast October 3, 2014, Technical Analysis
Natural Gas Forecast October 3, 2014, Technical Analysis

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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