Tuesday, March 13, 2012

Natural Gas: "If it Breaks $2.231, No Support to $2.00"--Schork

Yesterday the futures closed at $2.273 down another nickel (2.19%). They look a bit perkier this morning but the current trend seems inexorable.
From MarketBeat (Mar. 12):

Natural Gas: ‘Ugly Picture’ Not Poised To Change Anytime Soon
...If futures break through $2.231, look out below — prices will be setting fresh decade lows, and “there does not appear to be any support in the market until $2,” The Schork Report says.