By FXEmpire.com
Natural gas markets did very little during the session on Friday, as they were sitting on support after a massive Thursday fall. However, the market did finish lower, and it does suggest that perhaps we are going to seriously try the support and band that falls between the $2.70 level and the $2.90 level.
We suspect that there could be a bounce from here, but more than likely will simply be an invitation to sell at higher prices. The supply is far too strong for the demand in this market, and new natural gas is found almost daily. Because of all this, we are looking to sell this market, but would like to see some type of rally in order to find value selling.
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Originally posted here
