Natural Gas markets fell again for the week as the bearish mood continues. Supply is simply far too strong for demand to soak up all of the natural gas
Natural Gas markets fell again for the week as the bearish mood continues. Supply is simply far too strong for demand to soak up all of the natural gas out there. The $3 level gave way on Friday, but only barely so. Because of this, it is becoming obvious that the market will continue to struggle with pricing power. The rallies are to be sold when they appear, and the new lows only suggest that a short can be placed there as well. We do however prefer to sell rallies as it allows us to work with the trend and it’s momentum for longer before exploring lower and new prices.
Natural Gas Forecast for the Week of January 2, 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.
