Natural Gas Forecast December 4, 2012, Technical Analysis

The natural gas markets did very little during the session on Monday, as traders come back to a very cautious marketplace. We do see quite a bit of support at the $3.50 level low, and as such we think that a bounce from this particular area would not be surprising. With that in mind, we are willing to take any supportive candle as a signal to start buying natural gas. However, we do not have that yet, and as a result are flat of this market presently. We do think however that the supportive candle should be coming over the next couple of sessions.