Natural Gas Forecast June 4, 2012, Technical Analysis

The natural gas markets fell again during the Friday session that saw a poor jobs number out of America had the “risk off” trade back in fashion for most traders. The ability for any market to hold onto gains was tested, and this one just fell flat – not even bothering to try and rally in the face of “possible” quantitative easing. The trend has been down for a long time, and we are short of this market. In fact, on a break of the Friday session lows, we are adding to our short position. Buying isn’t even a possibility at this point. 

Natural Gas Forecast June 4, 2012, Technical Analysis
Natural Gas Forecast June 4, 2012, Technical Analysis

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