Natural Gas Forecast January 23, 2012, Technical Analysis

Natural gas actually managed a bit of a bounce for the session on Friday, something it hasn’t done much of lately. The fall has been strong, and this bounce seems fairly small. The market is one you will want to sell rallies in, but this move isn’t enough by itself to get us to sell. The bounce should be a bit higher, and we are waiting to see if the market can gain another 20 cents or so in order to sell weakness. Buying isn’t doable in this market at all. The market is sell only at this point, and the higher it bounces, the more we want to sell. $3 should be the upper part of the range now.

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

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