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Natural Gas Technical Analysis October 20, 2011

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

The natural gas markets rose during the Wednesday session as the market pulled back from the fall on Tuesday. The bounce was slight, and shouldn’t be

Natural Gas Technical Analysis October 20, 2011

The natural gas markets rose during the Wednesday session as the market pulled back from the fall on Tuesday. The bounce was slight, and shouldn’t be considered to mean anything other than some simple profit taking. The market is in a bearish trend, and should continue the overall direction. The market shows absolutely no signs of turning around, and as such – we are shorting after every rally on signs of weakness.

About the Author

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.

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