Natural gas markets fell during the day on Thursday, reaching below the $3.20 level, which was the gap that kicked off the move higher. This is a purely technical move, and it’s likely that we will continue to see a bit of softness in this market in the short term, as we had gotten too far ahead of ourselves. Natural gas markets had been overbought for some time, forming a couple of shooting stars on the daily charts. Because of this, it’s likely that the market will continue to show signs of exhaustion, because quite frankly we went parabolic for some time. At this point, I believe that the market could go looking ... (full story)