Natural Gas Forecast January 11th, 2012, Technical Analysis

Natural gas fell again for the session on Tuesday, and even managed to close well below the $3 mark. The close at $2.91 tells us that the next leg down is currently underway, and we are going to be joining it. There is absolutely no reason to buy at this point, and this closing below the $3 level shows that the support level has given way. Selling on rallies is also a perfectly acceptable strategy.

Natural Gas Forecast January 11th, 2012, Technical Analysis
Natural Gas Forecast January 11th, 2012, Technical Analysis

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