Natural Gas Daily Forecast Dec 09 2014

ngas04
ngas04

Outlook in Natural Gas remains on the downside as long as resistance 3.655/3.841  holds on a daily closing basis , support comes at the 3.417 levels , a halt is likely , but a cut would open 3.155 next , further down will aim the 3.000 levels .

On the upside , resistance comes at the 3.654 levels ahead of the 3.841 levels (main)  , stability below this level will keep the pair under pressure , however ; break of 3.841 will turn outlook neutral 4.225 levels ahead of the 4.527 levels.

In all , as long as resistance 3.655/3.841  holds on a daily closing basis , outlook in Natural Gas remains on the downside towards the 3.417 levels ahead of the 3.155/3.000 levels, above 3.841 will bring rebound towards the 4.225/4.527 levels.

In the medium term forecast , as long as resistance 4.689 holds on a weekly closing basis , the pair remains under heavy pressure with risk towards the 3.300 levels ahead of the 3.000 levels.

 

Natural Gas Daily Forecast Dec 09 2014

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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