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Natural Gas Price Forecast – Natural Gas Finds Buyers on Dips

From fxempire.com

Natural gas markets have fallen a bit during the trading session on Friday but then turned around to show signs of life near the $8.00 level. This obviously is a large, round, psychologically significant figure, and an area where we would have to pay close attention to. That being said, the market is still elevated, so it’ll be interesting to see whether or not we can continue to stay this positive. Looking at this chart, if we break down below the $8.00 level, it could open up the possibility of a move down to the 50 Day EMA. Most of what we are looking at is a situation where the market is to continue looking to go ... (full story)

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  • Category: Technical Analysis