The natural gas market has been falling for some time now. The massive amount of supply simply can't be burnt off quick enough, and as a result we will continue to see weak pricing in this market. However, the recent price action suggests that we are starting to see a bit of a rounded bottom forming, and this could be the start of a bounce in this market. This isn't a buy signal to us, simply a sign that we are going to wait for the rally to fade, and we will sell even more. At the moment though, we are holding steady.
Natural Gas Forecast March 15, 2012, Technical Analysis
Natural Gas Pivot Points (Time Frame: 1 Day)
Name S3 S2 S1 Pivot R1 R2 R3