By FXEmpire.com
The natural gas markets fell for much of the Monday session, only to bounce back in the end. The resulting candle was a hammer, and this candle has formed just above the $2 level. Because of this, it appears to us that a bounce is imminent, but buying it is far too speculative for our tastes. The trend is far too negative to consider buying this market under any circumstances, and we simply look at potential bounces as an invitation to sell from higher levels, with particular interest at the $2.40 level. The selling of rallies is certainly by far the most obvious move for us from this point on.
Natural Gas Forecast April 3, 2012, Technical Analysis
Originally posted here
