By FXEmpire.com
The natural gas markets had a very quiet day during the Friday session as traders were willing to consolidate near the $2.60 level. The recent action in the natural gas markets has been less than impressive, and will leave a lot of bulls wondering whether or not they have got it right. The natural gas supply in the United States and Canada is simply far too strong to support high prices. The market looks as if it is setting up for another fall, or perhaps even a larger consolidated area between the $2.20 level, and the $2.80 level above. However, the longer-term trend is definitely down, so we are planning to sell any significant break to the downside.
Click here to read Natural Gas Technical Analysis.
Originally posted here
