Natural Gas Forecast Dec. 12th, 2011, Technical Analysis

Natural Gas markets broke down on Friday as the shooting star from Thursday that had us looking for this move. The market continues to be very bearish, and buying isn’t even possible at this point. The rallies have all been selling opportunities, and this latest fight to get back up to the $3.75 level shows just how weak this market is. The $3.50 level should be considered as resistance now, and we are looking to sell the next rally, especially if it fails in that area.

Natural Gas Forecast Dec. 12th, 2011, Technical Analysis Natural Gas Forecast Dec. 12th, 2011, Technical Analysis

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