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Natural Gas Technical Analysis October 19, 2011

By
Christopher Lewis
Updated: Jan 1, 2011, 00:00 GMT+00:00

Natural gas markets had a very bearish day on Tuesday as the doji we talked about on Monday broke to the downside, and the move only confirms the weakness

Natural Gas Technical Analysis October 19, 2011

Natural gas markets had a very bearish day on Tuesday as the doji we talked about on Monday broke to the downside, and the move only confirms the weakness in this market as every time the market rallies – it only fails in the end. Because of this, we still prefer selling on the rallies, and of course new lows. There is absolutely no reason to be long of natural gas at this point in time.

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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