Advertisement
Advertisement

Natural Gas Forecast December 7, 2016, got technical Analysis

By:
Christopher Lewis
Updated: Dec 7, 2016, 08:56 UTC

Natural gas markets continue to defy gravity as we rose yet again during the day on Tuesday. This is an extraordinarily parabolic market, so this point

Natural gas daily chart, December 07, 2016

Natural gas markets continue to defy gravity as we rose yet again during the day on Tuesday. This is an extraordinarily parabolic market, so this point the only thing you can do if you are not involved as to wait for a significant pullback that you can buy on signs of support. Shorting is not going to be possible, because quite frankly if you are looking to short an overbought market, you would have done it and lost quite a bit of money several times already. Patience will be needed to take advantage of what’s an obvious breakout.

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.

Did you find this article useful?

Advertisement