By FX Empire.com
The Natural Gas markets had a bullish week over the last 5 sessions as the $3.50 level produced the suspected bounce in this market that we thought could happen. However, the trend is decidedly bearish, and as a result we are looking for higher prices from which to sell. The $3.75 and $4 levels could be possible areas for this, and we will be watching those areas very intently for signs of weakness. The selling had gotten a little overextended recently, so this bounce is actually going to be welcome news for sellers as they reload on their positions. We sell rallies, and do not buy this market at all.
Natural Gas Forecast for the Week of Nov. 28th, 2011, Technical Analysis
Originally posted here
