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Christopher Lewis
natgas

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

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