Natural Gas Forecast August 28, 2012, Technical Analysis

The natural gas markets fell hard during the Monday session as the $2.70 level finally gave way. The breaking of the support area should lead to much lower prices, and we see prices heading to the $2.30 level before too long. Because of this, we are more than willing to sell at this point in time if we manage a break below the lows from the Monday session. As for buying, we haven’t been able to suggest This for quite some time, and it looks like that will continue to be the case.

Natural Gas Forecast August 28, 2012, Technical Analysis
Natural Gas Forecast August 28, 2012, Technical Analysis

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