Natural Gas Daily Forecast Oct 14 2014

Natural Gas
Natural Gas

Outlook in Natural Gas  has turned neutral with risk to the downside , resistance comes at the 3.911 levels , a failure to hold above the 3.911  levels on a daily closing basis could mean a return to the 3.800  levels , a cut will open the 3.750  levels , a halt is likely , but losing the 3.750  levels will continue losses towards the 3.715  levels .

On the upside , resistance comes at the 3.911  levels , sustained trading – daily closing – above the 3.911 levels will put the pair in recovery mode , but upside move above the 3.911  levels should be limited  by the 4.168  levels .However ; a clear break above the 4.168  levels will turn outlook bullish towards the 4.394  levels before the next move….

In all , as long as resistance 3.911  holds on a daily closing basis , outlook in Natural Gas  remains on the downside towards the 3.800/3.750  levels , a clear break above the 3.911 levels will bring recovery towards  the 4.168 levels before the next fall..

 

Natural Gas Daily Forecast Oct 14 2014

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