Natural Gas Forecast August 28, 2012, Technical Analysis

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The natural gas markets fell hard during the Monday session as the $2.70 level finally gave way. The breaking of the support area should lead to much lower prices, and we see prices heading to the $2.30 level before too long. Because of this, we are more than willing to sell at this point in time if we manage a break below the lows from the Monday session. As for buying, we haven’t been able to suggest This for quite some time, and it looks like that will continue to be the case.

Natural Gas Forecast August 28, 2012, Technical Analysis

Natural Gas Forecast August 28, 2012, Technical Analysis

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About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

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