Natural Gas Forecast February 23, 2012, Technical Analysis

The natural gas markets went unchanged at the end of the session on Wednesday as the recent triangle continues to hold. The most recent run in this market has been a bit of stabilization, and as a result – we could see a pop in prices. The hammer from the session certainly would lend credence to this idea, and the triangle being there could foretell a move in either direction. With this in mind, we are waiting to see if the triangle gets broken to the downside, or if we rally. We sell the breakdown, and fade the rally – with a particular interest in selling weakness near the $3 mark. 

Natural Gas Forecast February 23, 2012, Technical Analysis
Natural Gas Forecast February 23, 2012, Technical Analysis

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