Natural Gas Forecast December 6, 2016, Technical Analysis
The natural gas markets broke out again during the day on Monday, as we have now clear to the $3.60 level. This is an extraordinary move, but quite frankly it has to sooner rather than later. This is so overextended at this point that Murphy’s Law dictates that if you
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The natural gas markets broke out again during the day on Monday, as we have now clear to the $3.60 level. This is an extraordinary move, but quite frankly it has to sooner rather than later. This is so overextended at this point that Murphy’s Law dictates that if you go long here, it will collapse. We did get a little bit of a pullback on Friday, but quite frankly I think we need more of a pullback. With this, natural gas should continue to be bullish, at least for the foreseeable future, so pullbacks offer value that you should be taking advantage of.
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