By FXEmpire.com
The natural gas markets continued to show signs of weakness on Wednesday as the rally faded into oblivion long before the close. The resulting price action formed a shooting star, and as a result looks as if we are going to have yet another move lower in this market. The supply in this market is simply far too great to consider a bullish market at this point, and as such we continue to sell rallies on the first sign of weakness, and sell new lows as well. The $2 mark above should now become resistance as it was a large psychologically important number beforehand.
Natural Gas Forecast April 19, 2012, Technical Analysis
Originally posted here
