The natural gas markets fell slightly during thin markets on Thursday. The candle shape is a hammer and shows possible support, although we don’t advise buying this market. The trend is decidedly down at the moment, and the recent string of trading sessions has been a bit overdone in our opinions. The bounce that looks to be coming could see higher prices in the area of $3.75 or even as high as $4, but we think this will simply be a selling opportunity going forward.
Natural Gas Forecast Nov. 25th, 2011, Technical Analysis
Originally posted here
