Natural Gas Forecast October 3, 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 fell during much of the session on Tuesday, but bounced off of the $3.40 level in order to clear the $3.50 resistance level. The resulting candle looks a lot like a hammer, and as such if we continue higher and break the top of the resistance for the Tuesday session, we think this market will grind much higher. Ultimately, we feel like this market will continue much higher, but the truth is there will be plenty of opportunities to buy on the pullbacks, which is essentially what we plan on doing.

 

Natural Gas Forecast October 3, 2012, Technical Analysis

Natural Gas Forecast October 3, 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