Natural gas fell again for the session on Thursday as traders simply cannot get rid of this contract fast enough. The mild winter and abundant supply of Nat Gas has simply punished any sense of bullishness in this market, and will more than likely continue to do so for the foreseeable future.

The $3 mark is a distant memory now, and the market is in a complete freefall. The market simply cannot be bought now, under any circumstances. (It's hard not to wonder how many people have been beat up by buy this market when it got too far ahead of itself lately.) A market like this is very dangerous to go against indeed. Sure, there is a bounce coming, but it will only provide selling opportunities going forward. We are selling rallies - whenever they come.

Natural

Natural Gas Forecast January 20, 2012, Technical Analysis

Crude Oil Pivot Points (Time Frame: 1 Day)

 Name  S1  S2  S3  Pivot  R1  R2  R3

 Classic
99.7267
98.8433
97.5867
100.9833
101.8667
103.1233
104.0067

 Fibonacci
100.1659
99.6608
98.8433
100.9833
101.8008
102.3059
103.1233

 Camarilla
100.4138
100.2177
100.0215
100.9833
100.8062
101.0023
101.1985

 Woodie's
99.5400
98.7500
-
100.8900
101.6800
103.0300
-

 DeMark's
101.4250
-
-
-
99.2850
-
-