Natural gas markets had a bearish day on Wednesday as traders continue to go back and forth in light volume. The $3 level just below is offering
Natural gas markets had a bearish day on Wednesday as traders continue to go back and forth in light volume. The $3 level just below is offering significant support as one would expect out of the large handle. The market is a bit oversold, so we are very interested in selling after rallies at this point. We like looking for weakness at $3.25 and $3.50 in which to sell. In the meantime, we think the market grinds sideways as the year winds down.
Natural Gas Forecast December 29, 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.
