By FXEmpire.com
The natural gas markets continued to show extreme weakness on Thursday as the move to the $2 handle almost seems inevitable now. The hammer fromed a few sessions ago still acts as support, but a break of this to the downside – which would normally be a sell signal for us – is simply far too close to the $2 handle to sell. It is because of that we have patiently hoped that the market would bounce. However, it doesn’t look likely now, and we will have to sell a daily close below the $2 handle. Until then, we won’t add to this already healthy position of ours. Selling a rally would also be possible – but this market doesn’t seem to want to give that up.
Natural Gas Forecast April 6, 2012, Technical Analysis
Originally posted here
