Natural Gas Forecast August 29, 2012, Technical Analysis

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The natural gas markets continued to fall on the Tuesday session, as the $2.70 level is in its rearview mirrors now. Looking at this chart, it is easy to see that the downtrend is starting to accelerate again, and as such we already are short of this market. In fact, we are looking to add on any slight bounces as we think the market is essentially pricing in a move down to the $2.30 level. With all this being said, we have absolutely no scenario where we go along of this market, as the downtrend has been so relentless over the last couple of years.

Natural Gas Forecast August 29, 2012, Technical Analysis

Natural Gas Forecast August 29, 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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