Everyone Fixates on Oil as Natural Gas Positions for Upside Acceleration
|Natural Gas appears to be lifting out of a two-week bullish-coil pattern that points next to a challenge of near-term resistance at 3.25, which, if hurdled, will trigger upside acceleration to fill the down-gap left behind on Dec 30 - Jan 3 (3.58/65).
At this juncture, only a break below 3.00 will compromise the strengthening set-up.
Keep in mind that tomorrow morning we get the next installment of Natural Gas Inventory Data, the reaction to which will make, or break the current set-up.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.