The natural gas markets went unchanged at the end of the session on Wednesday as the recent triangle continues to hold. The most recent run in this market has been a bit of stabilization, and as a result - we could see a pop in prices. The hammer from the session certainly would lend credence to this idea, and the triangle being there could foretell a move in either direction. With this in mind, we are waiting to see if the triangle gets broken to the downside, or if we rally. We sell the breakdown, and fade the rally - with a particular interest in selling weakness near the $3 mark.

Natural

Natural Gas Forecast February 23, 2012, Technical Analysis

Natural Gas Pivot Points (Time Frame: 1 Day)

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
2.5727
2.6343
2.6907
2.7523
2.8087
2.8703
2.9267

 Fibonacci
2.6343
2.6794
2.7073
2.7523
2.7974
2.8253
2.8703

 Camarilla
2.7146
2.7254
2.7362
2.7523
2.7578
2.7686
2.7795

 Woodie's
-
2.6330
2.6880
2.7510
2.8060
2.8690
-

 DeMark's
-
-
2.7805
2.7382
2.6625
-
-