Natural Gas Forecast March 12, 2012, Technical Analysis

The natural gas markets rose during the Friday session as the market starts to look like it wants to base at this point. While a trend change is a real stretch of the imagination, this recent action looks rather supportive, and the gap from the weekend looks as if it could be filled. The trend is obviously down, and the bounce that could be coming will only offer more selling opportunities for us. We see this gap as a great place to sell, and the fact that the $2.50 level is in the center of it helps us look for selling opportunities.

The buying of this market is far too risky for us to consider, and because of this we are not even thinking about it. The market should also see resistance at the $2.50, $2.60, and $2.80 levels as well, and all of these areas could be selling points for us if we get weak candles.

Natural Gas Forecast March 12, 2012, Technical Analysis
Natural Gas Forecast March 12, 2012, Technical Analysis

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