Natural Gas Technical Analysis for the Week of May 23, 2011

The natural gas markets had an absolutely volatile session this week, and on Friday managed to wipe out the losses suffered earlier in the week. The market in general looks very range bound, and the patient trader can make serious money as long as this range holds up. The $4 mark seems to be the floor, while the $4.60 area is the ceiling. If you are patient enough to wait for these areas to be tested, you could do quite nicely, and who knows for how long?

Source: http://www.commoditiesmansion.com/technical-analysis/natural-gas-technical-analysis-for-the-week-of-may-23-2011/