Natural Gas Forecast Nov. 24th, 2011, Technical Analysis
Technical Reports
natural gas markets got a lift on Wednesday as the drawdown report was actually slightly better than expected. However, the trend is decidedly bearish, and we have been waiting for a bounce. Part of it could be due to short covering by traders before the holiday. The bounce is looked at as an excellent opportunity to sell again, especially if we get to the $3.75 or $4 levels. We won’t buy this market – there is simply far too much supply out there to think this market goes higher over time.
Natural Gas Forecast Nov. 24th, 2011, Technical Analysis
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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