By FXEmpire.com
The natural gas market rose during the Monday session as the “bottom feeders” stepped out and bought what they undoubtedly thought of as a “cheap market”. However, with the vicious selloff we have seen over the last several months, it is hard to think that any rally will last more than a few sessions at best.
The $2 level has given way, but only just so. Above that is the $2.20 level, the $2.40 level, and the $2.60 level – all of which looks resistive. Because of this, we are looking to sell again on the first sign of weakness, and would even look to shorter timeframes in which to find it.
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Originally posted here
