Natural Gas Price Forecast September 4, 2017, Technical Analysis

The natural gas markets went sideways initially on Friday, but then fell towards the $3 level. This is an area that should be supportive, and in fact was as we bounced significantly. We pulled back from there, and I think that the volatility continues. Ultimately, I believe that the market will find sellers, because of the longer-term outlook for natural gas. However, and the short-term there seems to be plenty of buying pressure due to the situation with hurricane Harvey. Eventually, I believe the sellers will come back, as the $3.10 level continues to be massive resistance. Short-term buying, long-term selling is how I feel about this market.

NATGAS Video 04.9.17