Trader Predicts Market Breakout, “Probable” $3 NatGas Coming Soon

Christopher Lewis, who trades Forex (foreign exchange), calls himself "The Trader Guy." Lewis, writing for DailyForex, is calling attention to charts that (in his opinion) signal natural gas will "likely" reach the $3/MMBtu level soon. With only one or two brief exceptions, the Henry Hub price has traded below $3 since February. For most of the last five months, we've been range-bound, with the price of gas trading between $2 and $2.50/MMBtu. It's lousy! We have eagerly watched for signs and signals the price would go higher. We notice the odd analyst or trader who predicts it, but nothing seems to come of it. Will this time be different? Is the price ready to break through and stay above $3?

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