By FX Empire.com
natural gas markets got a lift on Wednesday as the drawdown report was actually slightly better than expected. However, the trend is decidedly bearish, and we have been waiting for a bounce. Part of it could be due to short covering by traders before the holiday. The bounce is looked at as an excellent opportunity to sell again, especially if we get to the $3.75 or $4 levels. We won’t buy this market – there is simply far too much supply out there to think this market goes higher over time.
Natural Gas Forecast Nov. 24th, 2011, Technical Analysis
Originally posted here
