Natural Gas Forecast for the Week of Nov. 21st, 2011, Technical Analysis
Technical Reports
Natural gas markets continue the dive over the past week as the supply simply overwhelms any demand that is out there. The market looks oversold at this point, and we are expecting a short-covering rally in the near future. The colder weather coming to the US northeast may be the excuse to start collecting profits for the bears. None the less, we are not willing to buy, and would much rather sell form higher levels – especially the $3.75 area if we can get there.
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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