NGAS Quotes ended the trading week at 3.050. We should expect an attempt to test the lower boundary of the rising channel and continued growth of gas prices in the area above the level of 3.50. In favor of a rebound NGAS quotations speak tight test the rising trend line on the indicator of relative strength.
Natural Gas Forecast on February 6, 2017 — February 10, 2017
Cancellation option the growth of quotations and price of gas will sample the lower boundary of the channel, which will point to the continued decline in the area below the level of 2.52.
Securing gas quotations above 3.56 level, point to a continuation of the growth and potential of local maximum test area.
Natural Gas Forecast on February 6, 2017 — February 10, 2017 suggests an attempt to rebound from the rising channel’s lower border in the area above the level of 3.50, the cancellation will be the breakdown of the rising channel’s lower border.
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