By FXEmpire.com - Commodities predictions; Technical analysis for Natural Gas using graphs & indicators Monday - March 19, 2012.
Lets see the Natural Gas forecast Monday - March 19, 2012.
The natural gas markets rose slightly for the Friday session, and the market continues to consolidate around the $2.20 level. The market looks as if it wants to form some kind of base at the moment, and a bounce certainly cannot be ruled out. However, we simply cannot come up with a good reason to buy this market, so we are waiting for the bounce in order to sell from higher levels on signs of weakness. Suitable areas will be the $2.40, $2.60, $2.80, and the $3 mark. Of course, if we find the market closing on a daily chart below the $2.20 level, we would have to sell as well.
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