Natural Gas forecast July 23, 2012, Technical Analysis

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Natural gas markets had a nice gain for the Friday session, solidifying the bullish position above the three dollar level. This market looks like it’s trying to break down, and a move above the $3.10 level would in fact signify a breakout in this market. There is nothing but air above this area, and as such we think this market could run to the $3.50 or even four dollars before reversing in heading back down to lower prices. In the meantime, we feel that the surge higher is coming, and we will certainly join it somewhere above the $3.10 level.

Natural Gas forecast July 23, 2012, Technical Analysis

Natural Gas forecast July 23, 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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