Seven Days Ahead offer financial and commodity market forecasting, technical trading analysis, forex forecasting service, stock market trading recommendations, guides and strategies in the UK.Sign up now

Natural Gas Pullback – a Temporary Affair?

06 November 2009



Note how Sep produced a positive Key Reversal Month, suggesting the bears have had their day.

However, this signal was not apparent on the front month charts so should be treated with a degree of caution.

Note how resistance has so far come from the 23.6% recovery area.


The break through falling resistance was an encouraging sign for bulls.

However, in the Commodity Specialist Guide we had anticipated a deep pullback - which is now occurring.

We are currently assuming this will be temporary.

76.4% support is now under test and we wish to await reaction here before contemplating buy strategies - that said the 4.340 04-Sep low does provide a clear and nearby risk level for buyers.

(Note that a deep pullback on the continuation chart (not yet seen) would imply new front month lows)


Philip Allwright

Mark Sturdy

Seven Days Ahead

Receive three Market Updates fully-illustrated with charts each week for one month FREE

Next story:
EUR/USD Bulls’ Unease After Key Reversal Week

Previous story:
The alignment of Gold

< Back to menu

Financial Market Forecasting | Bonds Technical Trading Analysis | Commodity Specialist Guide | Daily Indices Guide | Technical Trading Guide UK |
Site Map | SEO Services | We're listed in the UK Business Directory