Natural gas Technical Analysis for August 31, 2011
By CommoditiesMansion.com
posted 16:54 08/30/11
| Commodities Analysis Video
 
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Natural gas markets are starting to put up a fight just below the $4 mark, although we have certainly seen the major support area give way. The Tuesday candle formed a bit of a hammer, and it appears that the bullish traders aren’t quite ready to throw in the towel just yet. However, arguing with the trend only leads to losses, and as such – we are waiting for a bounce from which to sell at this point. Certainly selling is the only direction to consider in this market now.

 
 
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