FXEMPIRE
All
Ad
Advertisement
Advertisement
Christopher Lewis
Add to Bookmarks
natgas

Natural gas markets initially rose during the session on Wednesday, but met massive resistance at the gap that had been broken through previously. This corresponds with the $3.50 level, and it makes sense that heavy resistance would be found at that large round psychologically significant number. We still believe in the downside in this marketplace, and as a result are willing to sell this market as it breaks lower because it shows significant bearishness below that level. We think that the $3.00 level will be tested eventually, and as such are looking to not only sell a break down, but sell rallies and show any signs of resistance as well.

 

Advertisement
Know where Natural Gas is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Natural Gas Forecast December 20, 2012, Technical Analysis
Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker