Natural Gas Price Forecast September 5, 2017, Technical Analysis

The natural gas markets gapped lower at the open on Monday, but found support near the $3 level. The market has rallied since then, but we have not looking through the top of the gap. I believe that the sellers are getting ready to come back into the market and push this market lower. If we break down below the $3 level, then I think that the market starts to sell off rather drastically. Ultimately, I have no interest in buying this market, because I believe that the resistance barrier that extends to the $3.10 level will continue to cause major issues for the buyers.

NATGAS Video 05.9.17