By FXEmpire.com
The natural gas markets rose slightly on Monday to press against the $2.40 level. The candlestick that was produced looked a little bit of a shooting star, but the candle isn’t exactly convincing. The trend is obviously down, and we certainly favor selling this market because of it. The $2.60, $2.80, and $3 levels all look interesting to us for selling spots, but it has to be noted that we might not get those levels as the $2.40 level could hold. If it does, we would sell on a break below the $2.20 bottom. Otherwise, we are looking for signs of weakness at the above mentioned levels.
Natural Gas Forecast March 20, 2012, Technical Analysis
Originally posted here
