By December 13, 2018 0 Comments Read More →

Natural Gas Price Forecast – natural gas markets break major triangle

Natural gas markets have broken down significantly during the trading session on Wednesday, breaking through the bottom part of a descending triangle. That’s a very negative sign, and I think it’s only a matter of time before we see a move towards the $4.00 level, an area that is massive support. It’s also supported by the fact that it’s not only a large come around, psychologically significant number, but it also has the 50 day EMA attached to it. Because of this, I think a move towards that area will probably find a bit of bullish pressure. I think at this point, it’s likely that we will continue to see a lot of noise, but I prefer to fade rallies just as I have for some time now.

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Posted in: Daily News

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The Louisiana Oil & Gas Association (known before 2006 as LIOGA) was organized in 1992 to represent the Independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production and oilfield services. Our primary goal is to provide our industry with a working environment that will enhance the industry. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana.

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