By FXEmpire.com
The natural gas markets rose for the previous five sessions as the consolidated feel of the market continues. The recent action will have given some of the bulls quite a bit of confidence, but in reality the trend is still far from being up. The market still looks extraordinarily weak, and as such we are not willing to buy it. However, we do admit freely that this latest action does in fact look like a market that is trying to find some type of base. Having said this, we are looking to sell for a long-term position, but at higher levels. Of course, if we break the recent low from two weeks ago, we would have to sell as well. We have absolutely no intentions of buying natural gas in the near term.
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Originally posted here
