Bruce_Gas_Forecast

Bullish Reversal Points to $3.84 Today’s advance shows the likely completion of a bottom with a slightly higher…

Strong Support Possible at $3.50 Plus Potential support around the 50-Day MA takes on added significance since it…

Challenging Key Resistance Notice that there has been only one day since the April bottom that natural gas…

Bottoming Process Continues Although the price of natural gas weakened today the technical bias is to the upside.…

Prepped for Bearish Continuation The high for the day at $3.45 essentially tested prior support as resistance as…

Weekly Bullish Signal Moreover, a weekly bull trend continuation signal triggered earlier this week, and it will be…

New Weekly Breakout Triggers A weekly closing price above $3.61 will leave natural gas poised to rise into…

Buyers Take Control On Monday, natural gas spiked higher, reclaiming the 200-Day MA at $3.08 during the advance…

Downward Pressure Remains Despite finding support yesterday at the AVWAP, downward pressure remains. Prior support from the January…

41.7% Decline Reached Today’s low completed a $2.04 or 41.7% decline in the price of natural gas in…

Bear Trend Intact Following a lower swing high of $4.25 on March 3, the bearish correction from the…

May be Heading To 200-Day Moving Average The next lower target is the 78.6% retracement at $3.40. However,…