In a classic technical move, the natural gas markets fell on Wednesday as the shooting star we pointed out from the day before was broken to the downside. This should signal continued bearishness in this market, and the trend is certainly on the seller’s side. The final target that we are aiming for at this time is $3, but that won’t come overnight obviously. The market is to be sold every time it bounces, and a new low could entice even more selling in this market. The market cannot be bought at any cost.
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