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DAY TRADING TIPS

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The EIA production data and short term weather forecast will put pressure on the Natural gas prices. 

Production is expected to remain high and weather might as well change, therefore I am not expecting price to rally. Natural gas will trade around 185 to 195.

Based on the price action and technical selling we could a bit of upside trend sustaining a momentum over 190.

Natural Gas and Crude Oil
Crude Oil Forecast
I could suspect a trade bound trade today from 188 to 193

With Crude Oil inventories jumping to 3.8 million barrels, more than what was expected, there would a pressure on prices.

For intraday traders, it will be better to short Crude at 4640 with target of 4550 and SL of 4700.

Commodity Prices

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