The natural gas markets had a back-and-forth session on Thursday as traders continue to pressure the market on the downside. The market formed a perfect doji on the daily close, and as a result sets up an easy trade. By selling a new low, or in other words if it breaks the bottom of Thursday’s range, we are going with the momentum and definitely with the trend. If the market breaks to the upside of the Thursday range, we think waiting for signs of weakness to sell again should be the route to go. We are not buyers at all in this markets.
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