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Natural Gas Price Forecast August 31, 2017, Technical Analysis
Updated: Aug 31, 2017, 06:12 GMT+00:00
Natural gas markets fell hard during the session on Wednesday, testing the gap from a couple of sessions ago. This market has been thin as of late, but
Natural gas markets fell hard during the session on Wednesday, testing the gap from a couple of sessions ago. This market has been thin as of late, but certainly we’ve seen big swings. I believe that the market is going to go looking towards the $2.85 level underneath, given enough time. That’s an area that should be massively supportive though, so I’m not looking for breakdown below there in the short term. Longer-term, I do believe we go much lower. The $3 level above continues to be massively resistive, and I do not expect to see this market break above there anytime soon.
NATGAS Video 31.8.17
About the Author
Christopher Lewisauthor
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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