The natural gas markets fell hard again on Wednesday as the market simply cannot get a boost at this point. The natural gas market is certainly oversold
The natural gas markets fell hard again on Wednesday as the market simply cannot get a boost at this point. The natural gas market is certainly oversold at this point, but we are not willing to try and catch this falling knife. The rallies in this market will continue to offer us selling opportunities in this arena, and as such – we are willing to be patient and wait on an attempt to rally into resistance, perhaps to the $3.50 area, or even $3.25 as it is the spot where we gapped lower. The breaking of the lows on Wednesday could also offer another sell signal.
Natural Gas Forecast December 15, 2011, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
