By FXEmpire.com
The natural gas markets fell on Monday as the market started to hit serious resistance. Because of the area that the market finds itself in, we have been holding off on any buying. The trend is still down overall, and the action for the session on Monday suggests that we are going to see larger sell orders come into play in this area.
The candlestick from the Thursday session is a hammer though, and this could suggest that the $2.60 level could be supportive. With this in mind, we like selling on a daily close below that level. As for buying, we need to see a daily close above the $3 level in order to do that.
Click here a current Natural Gas Chart.
Originally posted here
