Natural Gas Forecast September 18, 2012, Technical Analysis

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The natural gas market fell during the session on Monday after attempting to rally. The market currently sits just below the $2.90 level, and as such we think that we will continue lower. The market has been in a nasty downtrend for a couple of years now, and every time we rally like this we do see a pullback. However, we do need to get below the $2.60 level to continue the trend lower. If we cannot, we will have to start thinking about avoiding this market. In the meantime though, if we break the bottom of the session lows from Monday, it would be worth thinking about taking a short position.

Natural Gas Forecast September 18, 2012, Technical Analysis

Natural Gas Forecast September 18, 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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