Natural Gas Forecast July 27, 2012, Technical Analysis

posted
By FX Empire Analyst - Christopher Lewis
Print
Font Size
T
T
T
Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The natural gas markets had a relatively volatile session as the market finishes the day barely changed. The $3.00 level was tested as support again, and it did hold true. The resulting candle however, is more neutral than it is a hammer and as such while we see this as a supportive, we are necessarily overly impressed.

Under normal circumstances, we would be willing to buy this market on a break of the highs from the Thursday candle. However, we are going to play a little bit more conservatively and wait until a clean break in daily close above the $3.20 level.

 

Natural Gas Forecast July 27, 2012, Technical Analysis

Natural Gas Forecast July 27, 2012, Technical Analysis

Want to read more articles like this one?

Get the latest fundamental analysis, technical analyses and the most up-to-date news catered to your interests, everyday.

* Please enter a valid email

Activation link was sent

An activation link has been sent to your E-mail.
You will start getting emails only after activating your account.

Find a Broker
Continue to FX Empire Network