Christopher Lewis
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Natural gas markets initially rose during the session on Wednesday, but met massive resistance at the gap that had been broken through previously. This corresponds with the $3.50 level, and it makes sense that heavy resistance would be found at that large round psychologically significant number. We still believe in the downside in this marketplace, and as a result are willing to sell this market as it breaks lower because it shows significant bearishness below that level. We think that the $3.00 level will be tested eventually, and as such are looking to not only sell a break down, but sell rallies and show any signs of resistance as well.


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Natural Gas Forecast December 20, 2012, Technical Analysis
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