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
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
