Natural Gas Probes Upside Breakout After Friendly Inventory Report

In the aftermath of a "friendly" Natural Gas Inventory report, nearby futures popped to 3.11-- right into June-July resistance at 3.10-3.12, but has since backed away to 3.08.

Key nearest-term support rests at 3.06, which must contain weakness to avert a press into the 3.02-3.00 support zone again, amid another failed, upside-breakout attempt.


  Matched
x
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!