Advertisement
Advertisement

Natural Gas Forecast October 6, 2014, Technical Analysis

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

The natural gas markets rose slightly during the session on Friday, hovering around the $4.00 level. That being the case, it appears that the market will

Natural Gas Forecast October 6, 2014, Technical Analysis

The natural gas markets rose slightly during the session on Friday, hovering around the $4.00 level. That being the case, it appears that the market will continue to consolidate between the $3.80 level and the $4.20 level overall, meaning that we are essentially in no man’s land at the moment, meaning that we can’t take a trade in either direction at this point in time. However, once we get closer one of those aforementioned levels, we could place a trade in one direction or the other depending on the candle shave and the levels.

 

Natural Gas Forecast October 6, 2014, Technical Analysis
Natural Gas Forecast October 6, 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.

Did you find this article useful?

Advertisement