By FXEmpire.com
The natural gas markets fell again for the session on Wednesday as the trend continues to the down side. The bearishness in this market is truly astounding, and most definitely relentless. The recent action has seen a break of the $2.30 level, and this looks set to push the market much lower. The supply is far too large to think that the demand can take it out, and as a result we only sell this market. We are presently waiting for rallies to fade at this point as the last two days haven’t been convincing. However, there is absolutely no reason to buy this market now. $2.50 or so could make for a great resistance area to sell from.
Natural Gas Forecast March 29, 2012, Technical Analysis
Originally posted here
