Natural gas markets rose during the session on Thursday as traders continue to try and bottom feed in this extremely bearish market. The bounce was beat back in the later hours of the session and now has formed a shooting star at the bottom of the down move on the daily chart. This is a very bearish set up, and a break below would confirm that we are about to enter the next leg down in this contract. We like selling rallies still and certainly would sell a break lower from here. Buying isn’t possible at this point.
Natural Gas Forecast Dec. 9th, 2011, Technical Analysis
Originally posted here
