Natural gas Technical Analysis for September 8, 2011
By CommoditiesMansion.com
posted 17:38 09/07/11
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The natural gas markets rose during the Wednesday session, but were quickly repelled by the $4 – $4.10 resistance zone as we had predicted. This area has been very resistive, and looks like it going to continue to be. The shape of the daily candle is a shooting star at the bottom of a down move, which is a very bearish signal indeed. It looks as if we are going to go lower and soon. If you didn’t short this market on the bounce like we suggested, a new low gets us selling as well.

 
 
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