nymex natgas weekly technical analysis for 7 to 11 march 2016
Natural gas this week closed with loss. This was straight fifth losing week for this energy commodity. Commodity price trend is down and momentum is strong bearish. Price pattern and indicators suggesting downside levels and expect lower levels of 1.5 to 1.4 as upcoming weekly targets. On upside 1.7 and 1.95 are strong resistances as well as stop loss levels for traders. Natural gas monthly chart suggesting sub 1$ levels can be possible in longer term.