Natural Gas Forecast September 24, 2012, Technical Analysis

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The natural gas markets had a positive session on Friday and rose enough to test the $2.90 level. The area held as resistance, but the market barely fell back. Because of this we think that is a very likely that we will continue to try and push the market higher. With this in mind, we are not willing to buy this market as it is so overly bearish in the long term, and are willing to step away from the natural gas market in the near-term in order to wait until we get a clearer signal.

 

Natural Gas Forecast September 24, 2012, Technical Analysis

Natural Gas Forecast September 24, 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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