By FXEmpire.com
The natural gas markets broke through the $2 level on Wednesday as the bearish action continues without any serious attempt to push back. The level was an area that we suggested could cause a bit of a bounce, and we were willing to sell rallies. However, we haven’t got that chance, and it now looks like we are breaking down below the $2 level without the bounce. Because of this, we are selling on a break of the lows from Wednesday. The market is far too bearish to even think of buying, and as a result we always only had one trade – sell. With this in mind, we are adding to our shorts yet again.
Natural Gas Forecast April 12, 2012, Technical Analysis
Originally posted here
