How Much Lower?
Source: VantagePoint Intermarket Analysis Software
To see more FREE recent market predictions for energies go here!
- The market decreased by 464 ticks.
- 464 ticks = 4,640 USD per contract (About 5 trading days)
- When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.
- On Tuesday, natural gas was trading just above $3 per thousand cubic feet, the lowest level since 2002.
- In a drastic contrast, last summer natural gas spiked to record levels near $13.70 per thousand cubic feet.