Natural Gas Technical Analysis for May 17, 2011

The natural gas market has made another bullish candle during Monday’s trading session, and it appears that the $4-$4.20 area is going to hold yet again. The market still looks like a choppy environment with a bullish bias to it. We are buyers only, and would be interested if we can clear the Monday highs. It would take a move below $4 for us to consider selling.

(Source: http://www.commoditiesmansion.com/technical-analysis/natural-gas-technical-analysis-for-may-17-2011/)