Natural Gas Forecast Nov. 3rd, 2011, Technical Analysis
Technical Reports
The natural gas markets have fallen again on Wednesday as traders continue to sell off any signs of strength in this beaten down market. The $3.75 is still holding, and this barrier will have to be overcome if the market is to continue the massive downtrend. The likelihood is that it will, but we need to see a daily close below that level in order to sell again. The alternative is if we get a bounce to fade, but we will not buy under any circumstances.
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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