One of the easiest trades over the last several months has been to short the natural gas markets, and this trend looks as if it will continue. The breaking below the $3.50 mark is a very bearish sign, and it looks as if the next leg down in this market has started. The market should be firmly below the $4 mark for the long run now, and this breaking down leads us to the target price of $3 before it is all said and done. Although there will be bounces, we sell them all as this trend continues to the downside.
Natural Gas Forecast for the Week of Dec. 12th, 2011, Technical Analysis
Originally posted here
