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Natural Gas Forecast December 14, 2011, Technical Analysis

By:
Christopher Lewis
Updated: Jan 1, 2011, 00:00 UTC

Natural gas continues to be a very weak market as traders simply cannot get this market to rise for any length of time. However, we have a gap from two

Natural Gas Forecast December 14, 2011, Technical Analysis

Natural gas continues to be a very weak market as traders simply cannot get this market to rise for any length of time. However, we have a gap from two days ago, and gaps due tend to get filled. Once this happens though, we think the bearish momentum will continue in this market as the demand cannot keep up with supply, even in the dead of winter in the northeastern United States. We are sellers of rallies at this point.

Natural Gas Forecast December 14, 2011, Technical Analysis
Natural Gas Forecast December 14, 2011, Technical Analysis

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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