Natural Gas Forecast for the Week of June 4, 2012, Technical Analysis

The natural gas markets fell for the week as the sellers came back into the markets the previous 5 sessions. The $3 level hasn’t even been significantly challenged, and with the lackluster American jobs numbers, it looks as if the energy demand will be weak in the US, one of the world’s largest consumers of it. The breaking of the bottom of the week candle will have us selling. Also, we sell any rallies, and have absolutely no intention of buying at this point in time. The supply is far exceeding the demand at this point, and our view hasn’t changed over the last several months. 

Natural Gas Forecast for the Week of June 4, 2012, Technical Analysis
Natural Gas Forecast for the Week of June 4, 2012, Technical Analysis

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