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Natural Gas Forecast November 4, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 4, 2015, 05:26 GMT+00:00

The natural gas markets did very little during the course of the day on Tuesday as we continue to meander just below the $2.30 level. Because of this, we

Natural Gas Forecast November 4, 2015, Technical Analysis

The natural gas markets did very little during the course of the day on Tuesday as we continue to meander just below the $2.30 level. Because of this, we think that the market is essentially trying to build up enough momentum for a bit of a bounce, but we will ignore that bounce and sell when signs of exhaustion appear afterwards. We also would sell below the $2.20 level, as it would show a significant increase in the downward pressure as we reach towards the $2.00 level over the longer term. We have no interest whatsoever in buying.


 

Natural Gas Forecast November 4, 2015, Technical Analysis
Natural Gas Forecast November 4, 2015, Technical Analysis

About the Author

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.

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