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Technical Analysis Natural Gas for 11/11/15

By:
David Becker
Published: Nov 11, 2015, 03:41 UTC

Natural gas prices remain steady as cold weather is forecasted to cover most of the west coast over the next 8-14 days according to NOAA.  The mid-west

Technical Analysis Natural Gas for 11/11/15

Natural gas prices remain steady as cold weather is forecasted to cover most of the west coast over the next 8-14 days according to NOAA.  The mid-west and east coast continues to show a forecast of warmer than normal weather.

Support on natural gas is seen near the October lows at 2.19, while resistance is seen at 2.40 and then the 20-day moving average at 2.44.  Momentum has turned positive with the MACD (moving average convergence divergence) index generating a buy signal.  This occurs as the spread (the 12-day moving average minus the 26-day moving average) crosses above the 9-day moving average of the spread.

Technical Analysis Natural Gas for 11/11/15
Technical Analysis Natural Gas for 11/11/15

 

About the Author

David Becker focuses his attention on various consulting and portfolio management activities at Fortuity LLC, where he currently provides oversight for a multimillion-dollar portfolio consisting of commodities, debt, equities, real estate, and more.

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