By FXEmpire.com - Commodities predictions; Technical analysis for Natural Gas using graphs & indicators Tuesday - March 27, 2012.
Lets see the Natural Gas forecast Tuesday - March 27, 2012.
The natural gas markets fell again on Monday in order to press against the market lows. The $2.30 level looks very supportive, but the level seems destined to give way as the market closed on the very lows of the session. The momentum is certainly with the bears, and buying at this point will be almost impossible. The selling of this contract is the only way to go, and we are willing to do that on a break below the lows for Monday. We also would sell any rallies that show signs of weakness as the various levels above, spaced at $2.40, $2.60, $2.80, and $3 should all be resistive.
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