The natural gas markets continue to fall during the previous week, as we reach down to the $3.30 level. It is at this area that we expect a significant
The natural gas markets continue to fall during the previous week, as we reach down to the $3.30 level. It is at this area that we expect a significant choice to be made, and as a result we are very interested in this coming week’s candle.
We still think that the $3.00 is going to be the actual target going forward, but for the longer-term trader obviously the only direction to go is to sell. We would look for rallies to fade, as well as a break down below the $3.30 level in order to aim for $3.00. If we can get below the $3.00, we think this market can go down drastically at that point.
Natural Gas forecast for the week of December 17, 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.
