Natural Gas Forecast Dec. 2nd, 2011, Technical Analysis

Natural Gas rose during the Thursday session as the inventory drawdown number was stronger than expected. The trend is still down, so certainly we aren’t willing to buy at this point. In fact, we need to see a daily close above $4 in order to consider it. We think that the market will continue to consolidate between $3.75 and $3.50 going forward. With this in mind, we are selling rallies as long as we are under $4 in this market.

Natural Gas Forecast Dec. 2nd, 2011, Technical AnalysisNatural Gas Forecast Dec. 2nd, 2011, Technical Analysis

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