Natural Gas Forecast January 6th, 2012, Technical Analysis

Natural gas markets fell again for the Thursday session as traders sold off the rally from Wednesday. The rallies have all been selling opportunities in this market, and the last 24 hours have only confirmed this yet again. The $3 level is just below, so seeing a bit of a bounce at this area wasn’t surprising. The market likes to focus on large round numbers like this, and as a result we are waiting to see a daily close that is below the area. The buying of this market isn’t advisable, and selling rallies is an alternative strategy going forward. Either way, we are selling sooner or later.

Natural Gas Forecast January 6th, 2012, Technical Analysis
Natural Gas Forecast January 6th, 2012, Technical Analysis

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