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Natural Gas Forecast December 16, 2011, Technical Analysis

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

Natural gas markets fell again on Thursday after first rising. This shows just how weak the markets are and the trend are certainly still intact. The

Natural Gas Forecast December 16, 2011, Technical Analysis

Natural gas markets fell again on Thursday after first rising. This shows just how weak the markets are and the trend are certainly still intact. The market has been overwhelmingly bearish over the last several months, and looks to continue to be so. The supply is far too great for the demand, so selling is the only thing to do. We sell rallies and a break of the lows from the Thursday session as it formed a shooting star, which of course is bearish.

Natural Gas Forecast December 16, 2011, Technical Analysis
Natural Gas Forecast December 16, 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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