Natural Gas Forecast March 5, 2012, Technical Analysis

Natural gas markets rose ever so slightly during the Friday session, yet failed to impress on any level whatsoever. The price action for the session was more indicative of a benign trading session with no real catalyst to push the market than any kind of statement. 

We saw the market break down and out of a triangle a few days ago, and quite frankly would love to see a bounce here so that we can sell more contracts. In the meantime, nothing has changed: We sell bounces and new lows. Buying isn’t even a thought at this point in time as we are aiming for a $2 print before the move is over. 

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

Leave a Reply

Your email address will not be published.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