By FX Empire.com
Natural Gas markets got a nice bounce late in the week, but this wasn’t enough to erase the losses. The week saw the markets looking a bit stronger, but the fact is that there are far too many resistance points on the chart to seriously consider buying at this point. The next few levels are $2.80, $3, and $3.50 or so. The market has been moving so quickly that it is hard to get a decent long-term signal, but we all know that the direction is obviously down. We are selling rallies that fail at any of the above mentioned levels.
Natural Gas Forecast for the Week of February 6, 2012, Technical Analysis
Originally posted here
