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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

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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