Natural Gas Forecast for the Week of June 11, 2012, Technical Analysis

The Natural Gas markets attempted to rally during the week, only to fall and form a shooting star at the bottom of the range. This signals that the market is starting to lean heavily to the downside again, and it is because of this that we prefer selling. (Not to mention the trend being so obviously bearish.)

The breaking of the bottom of the weekly range will be a strong sell signal, and have us selling aggressively as the floodgates could be getting ready to open up again. The buying of this market isn’t even a thought to us until we get above the $3 level, something that looks very unlikely at this point. 

Natural Gas Forecast for the Week of June 11, 2012, Technical Analysis
Natural Gas Forecast for the Week of June 11, 2012, Technical Analysis

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