Natural Gas markets rose slightly during the Wednesday session as the downtrend took a slight pause. The breaking lower of a recent triangle still has us very bearish in this market, and the trend is certainly with this sentiment. Because of this, we are sellers of this contract, and are willing to sell the rallies as well. The $3 level above should continue to keep the market lower, and we think that based upon the measurement of the triangle we just short that the market will eventually get down to the $2 mark. We are sellers on rallies, and new lows.

Natural

Natural Gas Forecast March 1, 2012, Technical Analysis

Natural Gas Pivot Points (Time Frame: 1 Day)

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
2.3960
2.4540
2.5180
2.5760
2.6400
2.6980
2.7620

 Fibonacci
2.4540
2.5006
2.5294
2.5760
2.6226
2.6514
2.6980

 Camarilla
2.5484
2.5596
2.5708
2.5760
2.5932
2.6044
2.6155

 Woodie's
-
2.4555
2.5210
2.5775
2.6430
2.6995
-

 DeMark's
-
-
2.6690
2.5905
2.5470
-
-