Natural Gas Technical Analysis for June 13, 2011
5:16 AM
Unknown
mines,gold,silver,oil,gazz,coal,prices,market,asia, europa,america,africa
The natural gas markets bounced a bit on Friday, but hardly enough to wipe out the massive fall on Thursday. Because of this we feel that the bearish
tone may reenter the markets, but we will need to see a break of $4.65 before the bearish move is fully confirmed as it has been good support. We are
near the top of the recent trading range, so this fall wouldn’t be out of the norm for this market.
Natural Gas Daily Fundamental Analysis for June 13, 2011
Natural gas prices rose back on Friday amid expectations of a new heat wave, which is expected to increase demand for power-plant fuel, noting that
above than average weather conditions have been the main reason behind rising natural gas prices over the past three weeks.
Natural gas prices will probably rise over the upcoming period, since expectations of warmer than average weather conditions will continue to boost
speculations of rising demand for power-plant fuel, and that should provide natural gas prices with upside momentum.
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.com and many more.
Posted in 
Subscribe to:
Post Comments (Atom)
No Response to "Natural Gas Technical Analysis for June 13, 2011"
Post a Comment