Natural Gas Technical Analysis September 27, 2011

Natural gas markets had a rare strong day on Monday as traders played a bit of a bounce. The $4 level overhead still looks very resistive at this point, so the pop in price is more of an opportunity to sell at this point than buy. The fundamentals for the natural gas markets are simply too poor to believe in the long-term bullish scenario. We are sellers of rallies, and especially so when we get close to the $4 – $4.10 area.

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