Natural Gas Forecast October 9, 2012, Technical Analysis

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The natural gas markets had a relatively quiet session during the Monday trading hours, as the markets essentially sat still. We are currently hovering right around the $3.40 level, and this does suggest that we are trying to build up more pressure for the buyers in order to push the market higher.

We see quite a bit of support all the way down to the $3.00 level, and as such we are only looking to buy this market currently. We are looking for supportive candles, and it appears that we may get them right about where we are right now. With this being said, we are willing to buy positive action in this general neighborhood.

Natural Gas Forecast October 9, 2012, Technical Analysis

Natural Gas Forecast October 9, 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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