MTECHTIPS;- Natural Gas Price Analysis for March 27, 2018

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MTECHTIPS;- Natural Gas Price Analysis for March 27, 2018

MTECHTIPS-Natural gas prices surged higher on Monday, rebounding more than 2%, and poised to test target resistance near the 10-day moving average at 2.65.  Prices broke down last week, and are attempting to re-test the breakdown level. Colder than normal weather is expected to cover most of the United States over the next 8-14 days according to the latest forecast from the National Oceanic Atmospheric Administration. Colder weather will increase heating demand, but this could be subdued given its happening at the end of the season. Spring has come and generally the market begin to build inventories toward the end of March. Support on natural gas prices are seen near the February lows at 2.52. Momentum has reversed and turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal U.S. Chicago Fed National Activity index surged to 0.88 in February after falling to 0.02 in January which was revised from 0.12, and to 0.22 in December which

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