Quotes of natural gas traded at 2.819, at the moment, this resistance area the upper limit of the downward channel. From these levels we can expect the beginning of falling in the region at a level below 2.475.
Natural Gas Forecast on August 29, 2016 — September 2, 2016
However, there is the potential for the formation of an inverted head and shoulders pattern on the continued growth of quotations and prices for natural gas in the framework of working out the model, but it is also important to see the fall of quotations NGAS to below 2.50 for the completion of the formation of the right shoulder model. Cancellation option quotes and falling prices for natural gas will become the strong growth and the breakdown of the area above the level of 2.90, which salutation to the breakdown of the channel, as well as cancel the potential for the formation of an inverted head and shoulders pattern.
Natural Gas Forecast on August 29, 2016 — September 2, 2016 suggests an attempt to fall in the rebound from the resistance of the field with a potential target at the level of 2.50.
