By FXEmpire.com
The natural gas markets rose during the session on Wednesday as the commodity broke above the $2 level at the close. This was a very bullish sign, but in truth this market is far from rebounding at this point. The trend is most certainly down, and the next serious resistance is to be found at the $2.20 level. Because of this, we are very interested in selling in that area if we get any sign of weakness. As for buying, we simply won’t do it as the market is so weak overall. The rallies will be sold, and we still expect to see the $1 mark before it is all said and done.
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Originally posted here
