Natural gas Technical Analysis for September 2, 2011
The natural gas markets had a back-and-forth day on Thursday as the market approached the all-important $4.10 area. This area will be significant resistance, and needs to be overcome for even the slightest hint of a bullish run. The set up is easy, as the candle formed on Thursday was a doji. Essentially, the doji is traded on a break of either the high or low, and trading with the momentum. We would certainly prefer selling at the breaking of the Thursday low.