By FXEmpire.com
The natural gas markets fell during the Friday session again as the $2 level has completely given way to the bears. The market is simply far too oversupplied for the price to rise overall, and as a result we have only sold this market for the last couple of months. The buying of this market is simply not possible as this is a longer-term structural problem with gas as there is simply far too much of it.
Selling rallies is the trade that we have been using to make money in this market. We also are ready to sell the break of new lows – as it has served us well also. This strategy will continue to be how we approach this commodity.
Natural Gas Forecast April 16, 2012, Technical Analysis
Originally posted here
