NYMEX NGAS weekly technical analysis 16 to 20 may 2016 Nymex ngas this week closed with flat gains. After last 2 weeks correction, ng prices showing some buying interest. For next week, natural gas future outlook is bullish and strategy remain buy on dips. Above 2$ mark keep buying view for tgts 2.222 and 2.44. From long term view, 1.85 is major monthly closing basis support and above it keep buy on dips view. Ngas long term tgts are 2.4$ and 2.8$.
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