Natural Gas Price Forecast August 31, 2017, Technical Analysis
Natural gas markets fell hard during the session on Wednesday, testing the gap from a couple of sessions ago. This market has been thin as of late, but certainly we’ve seen big swings. I believe that the market is going to go looking towards the $2.85 level underneath, given enough time. That’s an area that should be massively supportive though, so I’m not looking for breakdown below there in the short term. Longer-term, I do believe we go much lower. The $3 level above continues to be massively resistive, and I do not expect to see this market break above there anytime soon.
This article was originally posted on FX Empire
