-
Natural Gas Price Forecast: Surges to New High, Eyes $3.00
video Natural gas further advances to a new trend high of 2.75 on Monday, as it busts through a potential resistance zone ending at 2.69. Today’s high put the price of natural gas up by 73.5% from the most recent swing low at 1.58 (C). It looks like it will close strong today, in the top quarter of the day’s range and above 2.69. That puts it in a good position to continue its ascent towards the 78.6% Fibonacci retracement target at 2.99. Also, the area around the top declining blue dash channel line can be watched for signs of resistance. For those familiar with Gann’s square of nine calculator, a 270 degree ... (full story)