By FXEmpire.com
Natural gas markets had a bullish session on Tuesday, as the bounce from $2.80 continues. The market does look like it’s trying to rally from this level, but we still see that the action from last week is far too negative for us to be confident enough to buy at this point in time. In fact, unless we see a move above $3.30 which is essentially a new high, we are not comfortable buying this market at all.
Selling rallies that look weak in the end is our strategy. This is especially true now that we are close to the three dollars level, and as such we are looking for selling opportunities. In the meantime, we are perfectly content to sit outside of the market in just simply observe.
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Originally posted here
