Natural Gas - Daily

Natural gas continues to rise and a cold snap is due according to forecasts.

Natural gas continues to rise and a cold snap is due according to forecasts. Gas is currently holding a strong upside trendline. Macroeconomic factors impact the value of gas, thus it is a very hard commodity to forecast. Given the cold snap forecast gas could be poised to rally higher. Support below sits at 7.000 where the trendline sits. Toward the upside, initial targets are 7.391 followed by 7.691