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Natural Gas forecast for the week of September 11, 2017, Technical Analysis

By:

Christopher Lewis

Updated: Sep 9, 2017, 05:39 GMT+00:00

Natural gas markets had been bullish, as traders started betting that disruption of natural gas supply would be a result of the hurricanes. However, that

Natural gas weekly chart, September 11, 2017

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Read what the experts are trading this weekExclusive analysis from FXEmpire top analysts — curated insights you won't find on the free site.

Natural gas markets had been bullish, as traders started betting that disruption of natural gas supply would be a result of the hurricanes. However, that is not the case, and as expected, the natural gas markets have collapsed. A move to the $2.85 level seems all but assured at this point, and I suspect we will probably even fall to the $2.75 level as the seasonality of this market is rather negative at this point of the year. As you can see, the area above $3 has continue to offer significant resistance, and it looks as if that should continue.

NATGAS Video 11.9.17

About the Author

Christopher LewisSenior Analyst

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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