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Natural Gas Forecast December 6, 2016, Technical Analysis

By:
Christopher Lewis
Updated: Dec 6, 2016, 09:27 UTC

The natural gas markets broke out again during the day on Monday, as we have now clear to the $3.60 level. This is an extraordinary move, but quite

Natural gas daily chart, December 06, 2016

The natural gas markets broke out again during the day on Monday, as we have now clear to the $3.60 level. This is an extraordinary move, but quite frankly it has to sooner rather than later. This is so overextended at this point that Murphy’s Law dictates that if you go long here, it will collapse. We did get a little bit of a pullback on Friday, but quite frankly I think we need more of a pullback. With this, natural gas should continue to be bullish, at least for the foreseeable future, so pullbacks offer value that you should be taking advantage of.

Natural Gas Fundamental Forecast

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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