Natural Gas Forecast August 6, 2014, Technical Analysis – FX Empire

Natural Gas Forecast August 6, 2014, Technical Analysis – FX Empire

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The natural gas markets rose during the session on Tuesday, but as you can see still remain below the $4.00 handle. That is where we would expect to see a lot of selling come into play, and as a result we aren’t overly impressed by this move. We believe that ultimately the natural gas markets will rally, but that is a bit of a “dead cat bounce” and as a result we think that the sellers will come back in and push the market much lower. We still have a target of $3.50 in the natural gas markets given enough time.

 

Natural Gas Forecast August 6, 2014, Technical Analysis

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Natural Gas Forecast August 6, 2014, Technical Analysis – FX Empire

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