By FXEmpire.com
The natural gas markets fell yet again over the past week as traders simply cannot sell this market fast enough. The $2 level has been broken and quite frankly didn’t offer much in the way of support – much to our surprise. We figured that the level could produce a bounce, but the fact that it didn’t suggests that the market is ready to continue with the massive move lower. We know that the odds certainly favor this kind of move, so selling a break of this past week’s range would be a trade to take advantage of the continued bearishness and clearing of the $2 hurdle for the bears.
Natural Gas Forecast for the Week of April 16, 2012, Technical Analysis
Originally posted here
