Natural Gas Price Forecast September 7, 2017, Technical Analysis

Natural gas markets shot higher during the day on Wednesday, as there are a lot of concerns about hurricane Irma. However, I think that the market sees quite a bit of resistance above, and I think it’s only a matter of time before we break back below the $3 level. Once we do, the sellers will more than likely come back into the market and start pushing lower. The barrier between $3 and $3.10 continues to be massively resistive, and I think that the sellers will return sooner rather than later.

NATGAS Video 07.9.17