Natural Gas Forecast September 25, 2012, Technical Analysis
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The natural gas markets fell during most of the session on Monday, but bounced off of the three dollars level in order to find some support in form a hammer for the session. We have been out of this market recently, and as such we feel that this market is best avoided right now as it does look very choppy indeed. Granted, we have a longer-term downtrend in effect, but the truth is that we have seen quite a bit of resilience by the bulls lately.
Ultimately, we feel that this market will continue to fall over time but we aren’t willing to put any money into it at this moment in time as the volatility is essentially chopping traders up right now.
Natural Gas Forecast September 25, 2012, Technical Analysis
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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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