Natural Gas Price Forecast August 24, 2017, Technical Analysis

Natural gas markets fell during the day on Wednesday, as we continue to see bearish pressure in this market overall. We reached towards the $3 level during the day on Tuesday, which was massive resistance. I think that we will continue to see the market sell rallies, as the oversupply of natural gas continues. Given enough time, I think that the market should then go to the $2.85 level, and then eventually even the $2.75 level after that. I have no interest in buying natural gas, least not until we break above the $3.10 level, which of course isn’t going to happen today.

NATGAS Video 24.8.17