Natural Gas Technical Analysis for the Week of October 17, 2011
The natural gas markets rose during the past week as the US dollar continues to get sold off against most other assets. The bounce is a great opportunity to sell from higher levels in our opinion, as the fundamentals haven’t changed in this market at all. The 300 years worth of natural gas in the US alone is reason enough to think supply is going to be an overhang in this market for a long time. The $3.75 level pushed back on Friday, so we think selling can be done again. The $4 should be massively resistive as well.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.