Natural gas markets barely budged during the Friday session as most traders were thinking about holidays, and not trading natural gas. The market
Natural gas markets barely budged during the Friday session as most traders were thinking about holidays, and not trading natural gas. The market continues to find a little bit of a bottom in the $3 area, and could be ready to bounce from this depressed area. However, there is very little to suggest that the fundamental picture for natural gas is going to change anytime soon. The bounce will certainly run into problems at either the $3.25, $3.50, or $4.00 levels. We are looking to sell weakness at these levels going forward.
Natural Gas Forecast December 26, 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.
