The natural gas markets had a fairly rude bullish session during the Thursday hours, as we broke above the $3.65 level. However, we could not keep most of
The natural gas markets had a fairly rude bullish session during the Thursday hours, as we broke above the $3.65 level. However, we could not keep most of the gains and formed something along the lines of a shooting star. This shooting star sits just above the support level at $3.50, and as a result it looks like we could get a bit of a turn at this point in time. With this in mind, we still think this has a bullish bias, but will continue to go more sideways than anything else at the moment.
Natural Gas Forecast December 7, 2012, 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.