MTECHTIPS;- Natural Gas Price Prediction – Prices Drop as Hurricane Treats

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MTECHTIPS;- Natural Gas Price Prediction – Prices Drop as Hurricane Treats

MTECHTIPS-Natural gas prices tumbled on Monday dropping 1.4% despite news of warmer than normal weather which is expected to cover most of the United States for the next 8-14 days, which should drive up cooling demand. No cyclone activity is expected in the Atlantic or Caribbean over the next 48-hours.Prices dropped after forming a top and are poised to test target support near the 200-day moving average at 2.85. Below this level is and upward sloping trend line that comes in near 2.82. Resistance is seen near the 10-day moving average at 2.94. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses below the MACD signal line (the 9-day moving average of the MACD line

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