Natural Gas Forecast September 10, 2012, Technical Analysis

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By FX Empire Analyst - Christopher Lewis
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The natural gas markets fell on Friday as the downtrend continues. We now are approaching the $2.60 level, and as such we think that's we are about to retest significant support. This market is obviously bearish, and as such we are more than willing to sell. The $2.60 level should give way eventually, and we think that the $2.30 level will be attempted over the next several weeks.

We have absolutely no interest in buying natural gas at this point, and think it is a "sell only" market. On rallies, we are more than willing to sell resistive looking candles, and if we manage to break out to the downside, we are more than willing to start selling aggressively once we get below the $2.60 level.

Natural Gas Forecast September 10, 2012, Technical Analysis

Natural Gas Forecast September 10, 2012, Technical Analysis

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