By FXEmpire.com
The natural gas markets rose during the previous week as the bounce from the $2 caused quite a bit of short covering. The market is without a doubt one of the most bearish ones we pay attention to, and as a result we don’t want to buy this market at all. The market has many levels above that could produce weakness, and as a result we are simply waiting to see a weak candle to sell from, perhaps from the daily charts. We believe that the $1 handle will be where the market settles in the near term.
Click here to read Natural Gas Technical Analysis.
Originally posted here
