Forex Magnum


Natural Gas Forecast July 3, 2012, Technical Analysis

Autore: FX Empire Analyst - Christopher Lewis

With the recent shooting star just below the three dollar level on Wednesday of last week, we have suggested selling this market. This natural gas contract has certainly been in a downtrend for quite some time, but it must be said that it is fighting as for it its very life over the last couple of sessions.

The three dollar level still looks like massive resistance us, but the fact that we have broken down below the bottom of the shooting star and natural gas has held in so vehemently does have was wondering if there isn’t some kind of massive pressure building for breakout. The number one rule in trading is to stay flexible, and also understand that you are paying for information. In other words, we know that if our position loses in the end, that the three dollar level has just given way and that is a big deal in this market. The solution of course, would be to buy on signs of support above the three dollar mark.

It is with this in mind that we think it is possible that this position will end up in a trading loss ultimately, but we stand by the technical analysis and can only do with the charts tell us. At this point in time things to look very precarious for our short position, but we are not ready to give up until we close well above the three dollar level. In fact, there’s a good chance that this is an example of what stop losses are for.

Of course, this trade could end up working out in the long run it may not matter. Nonetheless, you have to be willing to look at a chart and understand that things are fighting you at the moment. With this in mind, we certainly wouldn’t sell at this point as it looks like underlying strength is trying to make a comeback. On the other hand, if we weren’t involved in this market we wouldn’t be buying now, because we can see so much resistance all the way up to $3.10. With all that being said if you are not in this market, it’s probably best to stay out until the participants make up their mind about the three dollar zone.


Sei un Analista Tecnico Indipendente Professionista del mercato FOREX? Registrati anche tu nella comunità ed elabora insieme a noi strategie automatiche di successo! Dettagli


Sai programmare in MQL o usare il MetaTrading? Registrati e contribuisci alla programmazione di trading system, script e indicatori per MetaTrader. Dettagli


Ti piace il Trading? Vieni in Trading Room a Cosenza, guarda le analisi tecniche real time dei nostri indicatori e decidi quando entrare nel mercato. Corsi base ed avanzati. Dettagli

Non esistono ancora Commenti per questa news.

Archivio News


1 2 3 4 5 > >>

EUR/GBP Classic Technical Report 07.03.2012

USD/JPY Classic Technical Report 07.03.2012

USD/CHF Classic Technical Report 07.03.2012

USD/CAD Classic Technical Report 07.03.2012

US Dollar Classic Technical Report 07.03.2012

NZD/USD Classic Technical Report 07.03.2012

GBP/USD Classic Technical Report 07.03.2012

GBP/JPY Classic Technical Report 07.03.2012

EUR/USD Classic Technical Report 07.03.2012

EUR/JPY Classic Technical Report 07.03.2012

EUR/GBP Classic Technical Report 07.03.2012

AUD/USD Classic Technical Report 07.03.2012

USD/JPY Classical Technical Report 06.29

USD/CHF Classical Technical Report 06.29

GBP/USD Classical Technical Report 06.29

EUR/USD Classical Technical Report 06.29

AUD/USD Classical Technical Report 06.29

USD/CAD Classical Technical Report 06.29

US Dollar Index Classical Technical Report 06.29

NZD/USD Classical Technical Report 06.29

GBP/JPY Classical Technical Report 06.29

EUR/JPY Classical Technical Report 06.29

USD/JPY Classical Technical Report 06.28

GBP/USD Classical Technical Report 06.28

EUR/USD Classical Technical Report 06.28


1 2 3 4 5 > >>