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Natural Gas Forecast December 4, 2012, Technical Analysis

By:
Christopher Lewis
Updated: Aug 20, 2015, 23:00 UTC

The natural gas markets did very little during the session on Monday, as traders come back to a very cautious marketplace. We do see quite a bit of

Natural Gas Forecast December 4, 2012, Technical Analysis

The natural gas markets did very little during the session on Monday, as traders come back to a very cautious marketplace. We do see quite a bit of support at the $3.50 level low, and as such we think that a bounce from this particular area would not be surprising. With that in mind, we are willing to take any supportive candle as a signal to start buying natural gas. However, we do not have that yet, and as a result are flat of this market presently. We do think however that the supportive candle should be coming over the next couple of sessions.

 

Natural Gas Forecast December 4, 2012, Technical Analysis
Natural Gas Forecast December 4, 2012, 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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