Large Round FigureThe $2 level of course will attract a lot of attention from a psychology standpoint, but it’s probably worth noting that the later we get into the summer, the more likely traders are going to be focusing on autumn and winter. In wintertime, the demand will pick up obviously, and traders will be looking at this through a prism of demand.Once demand really starts to pick up, you’ll see a spike, as you typically do every winter and then they’ll be willing to close out their positions. Because of this, if you can hang on to a small position or an ETF like I do in the United States, you don’t have to worry about the leverage and you just simply collect your profits later. I don’t like the idea of putting a lot of leverage into this market right now, because quite frankly, there are far too many cross currents and really lack of volume in most markets this time of year to get overly aggressive. 
Ultimately, this is a market that is going to continue to be very weak over the longer term, due to the fact that natural gas is so abundant you can find it in the drinking water in the United States in multiple states. However, it is a very cyclical market, and that’s what you will have to be very cautious about jumping in with a huge position.More By This Author:Gold Forecast: Looking For A Breakout What Is a Margin Call in Forex Trading and How Can You Avoid It?WTI Crude Bounces From A Major Support Level
