Natural Gas forecast for the week of July 3, 2017, Technical Analysis

Natural gas markets initially rally during the week, but turned around to form a shooting star. There is a gap just below, so I think we will continue to see quite a bit of volatility, but ultimately, I believe that the market is very negative, and that I think given enough time that the sellers will take over again, so therefore I believe that we will go looking towards the $2.85 level. Alternately, if we can break above the top of the shooting star, that would be a very bullish sign and should send this market looking for the $3.20 level.

NATGAS Video 03.7.17