Natural Gas Daily Forecast Nov 18 2014

0
181
Natural Gas
Natural Gas

Outlook in Natural Gas has turned neutral with risk to the downside as long as resistance 4.55 holds on a daily closing basis , support comes at the 4.22 levels , stability above this level could test 4.52 before the next fall , any way , losing  the 4.22 levels would open 3.83 next where strong support is suggested , If this important support fails , a lower leg below 3.53 will be in sight .

On the upside , to restore the last upside momentum , 4.55 should be taken out on a daily closing basis , If seen focus will be on the  4.79 levels.

In all , the Natural Gas is likely to consolidate within 3.83/4.55 levels before the next move , below 3.83 will open 3.53/3.00 levels wile above the 4.55 will turn focus on the 4.79/5.00 levels.

 

Natural Gas Daily Forecast Nov 18 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS