Natural Gas continues to tread water at this level, showing that the $4.40-$4.50 area is going to be difficult to break through. However, it should be noted that the latest low is higher than the one before it. This suggests that the area could give way, but buying here would be very unwise, and waiting on a break out above the area is suggested before buying. Shorting could be done, but the recent run up makes it a little more difficult.
Originally posted here
Read more about commodities technical analysis, commodities fundamental analysis and commodities news on CommoditiesMansion.com
About CommoditiesMansion.com:
www.CommoditiesMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.
