Natural Gas Daily Forecast Nov 11 2014

Natural Gas
Natural Gas

Outlook in Natural Gas has turned neutral with risk to the upside , support comes at the 4.232 levels , a failure to hold below the 4.232 levels on a daily closing basis could mean a return to the 4.527 levels where a breach will turn focus on the 4.770 levels , further upside will pave the way towards the 5.065 levels.

On the downside , losing the 4.232 levels on a daily closing basis will bring a corrective pullback towards the 4.050 levels before the next rise , however ; If 4.050 fails on a daily closing basis , expect recovery to extend further lower towards the 3.680 levels .

In all , as long as support 4.232 holds on a daily closing basis , outlook in Natural Gas remains on the upside towards the 4.527 levels ahead of the 4.770 levels . Below 4.232 faces a pullback risk towards the 4.050 levels before the next possible rise.

 

Natural Gas Daily Forecast Nov 11 2014

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