Natural Gas Forecast February 27, 2012, Technical Analysis

The natural gas markets fell during the session on Friday as the traders in the pits continue to sell off this already weak market. Recently there has been a bit of firming in this commodity, but the triangle that has formed looks as if it could give way fairly soon. The trend is without a doubt down, so selling this market on a break below the bottom line of the triangle would be the easiest trade. A break of the top of the triangle has us waiting to see weak candles much higher, perhaps at $3 or $3.20 as those areas both should offer resistance. We will not buy this market under any circumstances at this point in time.

Natural Gas Forecast February 27, 2012, Technical Analysis
Natural Gas Forecast February 27, 2012, Technical Analysis

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