Natural Gas Technical Analysis February 02, 2012
By FXEmpire.com – Commodities predictions; Technical analysis for Natural Gas using graphs & indicators Thursday – February 02, 2012.
Lets see the Natural Gas forecast Thursday – February 2, 2012.
Natural gas fell yet again on Wednesday as the bears have stepped back into the markets. The inability of the recent pullback of drilling by Chesapeake and others to rally the markets certainly says everything you need to know: Natural gas cannot be bought in this environment, and there is little chance that will change soon.
The market is to be sold, and rallies are a great way in which to do so. A fresh low could also be a catalyst at this point in time, and as a result we will be watching for either event to happen. There is absolutely no scenario where we buy this contract.
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Commodity Market | 02/02/2012
