Natural Gas Forecast June 5, 2012, Technical Analysis

The natural gas markets managed to finish the day on a positive tone, and as a result the market has set up a fade coming to our attention. The $2.60 and $2.80 levels should be resistive, and as such we are looking for a weak candle on the shorter time frames such as the hourly or four hour charts. The selling of this market is the only thing we can do at this point, as the trend is so bearish overall. As for buying, we won’t even consider it until we get above the $3 level. 

Natural Gas Forecast June 5, 2012, Technical Analysis
Natural Gas Forecast June 5, 2012, Technical Analysis

Leave a Reply

Your email address will not be published. Required fields are marked *