By FXEmpire.com
The natural gas markets had a very flat day, although we did try to both rally and fall during the session. The recent breakout of the $3.20 level signaled that the market could breakout and continue the bullish momentum. The close of the session for Tuesday however signals that there is still a little bit of concern going forward.
The market still looks skewed to the upside, and as such we think a break of the top of the Tuesday candle is significant enough for traders to start buying again. We still maintain that the three dollar level should be the floor in this market, and won’t short in till we get below it.
Click here to read Natural Gas Technical Analysis.
Originally posted here
