Natural Gas Analysis For The Week Of March 5, 2012


There is not much to say about Natural Gas from a technical perspective. The weekly chart says everything. The main trend will change to up on the weekly chart when 2.984 are violated. Otherwise the market is destined to continue its series of lower-tops and lower-bottoms. It is possible that it will remain inside of the short-term 2.411 to 2.984 range. If this occurs, then the odds are the market will have run out of sellers and is getting ready to mount a strong short-covering rally. Short traders may have covered positions ahead of the week-end…

Read more...

More from Commodities

Watch This If You're Wondering How Much Gold to Have and When to Sell

Watch This If You're Wondering How Much Gold to Have and When to Sell

How Can Gold Continue This Upward Momentum?

How Can Gold Continue This Upward Momentum?

Week Ahead: Investors Keep Economy in Check as Trade, North Korea Talks in Limbo

Week Ahead: Investors Keep Economy in Check as Trade, North Korea Talks in Limbo

Oil Rally Steadies Even as Potential Supply Disruptions Persist

Oil Rally Steadies Even as Potential Supply Disruptions Persist

The Outlook for Gold Prices Looks Awful Even With 10-Year Yields Above 3%

The Outlook for Gold Prices Looks Awful Even With 10-Year Yields Above 3%