- Our Clients
- Futures Platforms
- Trading Systems
Natural Gas (June)
Yesterday’s close: Settled at 2.81, down 0.037
Fundamentals: Weather from the Midwest to the East Coast is expected to become seasonably warm over the next week and expected demand is to remain stable. In turn, this should keep price action stable into midweek and as storage again comes into the picture. We continue to believe the intermediate to long-term risk is to the upside.
Technicals: Price action is clinging to the pivot level and this is an important area to hold in order to remain intermediate term constructive. First key support comes in at 2.749-2.751, this should present a buy opportunity upon the first test.
Resistance: 2.873**, 2.925-2.93**, 3.00***
Support: 2.749-2.751**, 2.66-2.69**, 2.486-2.532****
If you have any questions about the commodity futures and options markets, trading or opening an account please let us know!
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. DAW Trading (“DAW”) uses various outside sources for research material regarding futures and options on futures trading therefore the views and opinions expressed in this letter may not necessarily reflect the view of DAW or its staff. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to DAW.