By FXEmpire.com
The natural gas markets fell again on Tuesday as all commodities on the whole suffered. The old fears of a European meltdown put a real “risk off” tone in all markets. As this market has fallen apart over the last few years – it makes sense that we went down again. The $2 level is just below, and as a result we can’t sell just yet. The closing of this market below that level on a daily candle would have us adding to our short positions, but until then we simply cannot do it. A bounce would also see us adding to our short positions as well, as rallies are to be faded, especially at $2.20 and $2.40 as they are both heavy resistance areas.
Natural Gas Forecast April 11, 2012, Technical Analysis
Originally posted here
