Natural gas markets continue to churn at the $3 area as the markets had a fairly quiet week. This is to be expected at the death of the year, and the
Natural gas markets continue to churn at the $3 area as the markets had a fairly quiet week. This is to be expected at the death of the year, and the light volume. However, by all accounts this market is falling rapidly and should continue to be bearish going forward. With the recent acceleration to the downside however, we prefer to sell rallies at this point as the $3.25, $3.50, and $4 levels all look very resistive.
Natural Gas Forecast for the Week of December 26, 2011, 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.
