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
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.
