Natural Gas Technical Analysis for April 5, 2011

Natural Gas had another negative day today, but finished it by forming a bullish hammer based off of a bounce from the $4.20 area. Because of this, it looks like the market may want to bounce around in the range of $4.20 and $4.50 as mentioned last week. Look for bullish pressure to build as we almost certainly will do that. The consolidation should remain however, but with a slight bullish bias as long as were are above the $4 mark.

(Source: http://www.commoditiesmansion.com/commodities-analysis-video/natural-gas-technical-analysis-for-april-5-2011/)