Natural gas prices traded on Wednesday near a 10-year low even as forecasts for colder-than-normal Midwest weather signaled increased demand for heating fuel.

Traders will continue to focus on weather developments, where weather forecasts suggest temperatures will be likely lower than average over the coming period, and that could put natural gas between gains and losses in next period.

Natural Gas Pivot Points (Time Frame: 1 Day)
 

Name S1 S2 S3 Pivot R1 R2 R3

Classic
2.3583
2.2872
2.1873
2.4582
2.5293
2.6292
2.7003

Fibonacci
2.3928
2.3525
2.2872
2.4582
2.5235
2.5638
2.6292

Camarilla
2.4138
2.3981
2.3825
2.4582
2.4452
2.4609
2.4765

Woodie's
2.3440
2.2800
-
2.4510
2.5150
2.6220
-

DeMark's
2.4937
-
-
-
2.3228
-
-