Natural Gas Prices Forecast – May 18, 2016


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Natural gas prices continued downward movement within the 1:1 model. Thick test the upper boundary of the channel was not here. At the moment there is a potential for continued growth in the region above the level of 2.17 in the rebound from the support line on the indicator of relative strength.

Natural Gas Prices Forecast – May 18, 2016

Natural Gas Prices Forecast – May 18, 2016

However, the overall thrust of the gas for the continuation of the fall to a minimum is maintained. Cancellation option of development of the downward trend for natural gas prices will be strong price growth above the level of 2.40, which will lead to the cancellation of the descending pattern is 1:1. Thus, Natural Gas Prices Forecast – May 18, 2016 involves the growth of quotations in the area above the 2.17 level, where we can expect the fall and the development of a downtrend.

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