By FXEmpire.com
The natural gas markets fell during the Wednesday session, in order to retest the $3.10 level. We do get a bounce towards the end of the session, and as such it looks like the bullish momentum is still there even though we tried to break it down during the trading day.
We still like the idea of buying this market on the dips as long as we are above the $3.00 level. We think that’s this market should be clear to run up to the $3.50 level before serious resistance should come back into play. With this in mind, we are short term bullish of this market but very well aware of the fact that long-term there are serious concerns with supply and demand favoring supply and therefore lower prices.
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Originally posted here
