nymex natural gas weekly predictions for 4 to 8 jan 2016

nymex natural gas weekly predictions for 4 to 8 jan 2016
nymex natural gas this week closed at 2.34$ with gain.
natural gas oil weekly chart trend
is down but momentum is strong bullish on value buying
as well as trapped short covering.
For medium term , natural gas support zones are 2.23$ and 2.11$ levels.
On upside expect strong resistance at 2.36$ and 2.46$ levels.
For next week , watch 2.36$ level, breakout above this means
trend change and fresh higher top and bottom cycle for natgas prices.
 
 
 
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