Natural Gas forecast for the week of December 24, 2012, Technical Analysis

The natural gas markets look like a market that is trying to find some type of support or a base in this general vicinity. Because of this, we think that the next we could be relatively quiet and sideways based upon the fact that we are down near the support area, and in fact did have a relatively bullish week over the previous five sessions.

With this being said, the markets be very thin this coming week, and as a result it is hard to believe that we will have a significant move in one direction or the other in this particular market. With that thought process, we are not interested in trading this from a longer-term perspective until after the New Year.