A technical trading company, VantagePoint, provided the chart shown here. When the blue line (forecast) crossed below the black line (actual), they predicted the market would trend down.
Prices are down 34% this year. and futures have dropped 73% since their 2008 high of $13.69 on July 2.
Now, natural gas futures advanced for a second day on 04/14/09 in New York based on rumors that demand for the industrial fuel will begin to rebound as the U.S. economy stabilizes. It could be time for a change in direction.
(click to enlarge)