By FXEmpire.com
The natural gas markets rose again during the week as the massive bounce continues. However, the trend is without a doubt down, and this bounce although big – isn’t much compared to the trend itself. The market still has much more supply than demand and as such it is hard to think that the bounce will change the trend. Above the current level we see $2.80 and $3 as massive resistance points, and as a result we are looking for sell signals in those areas. Weak candles on the daily chart have us selling. A weekly close above $3 would have us change our tune and buy.
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Originally posted here
