By FXEmpire.com
Natural gas markets fell during the Monday session, to continue the consolidation that we have seen over the last couple weeks. Currently, the market seems to be stuck between the $2.70 level, and the $3.10 level. Looking forward, we think that the $3.10 area will be a major barrier for the bullish traders out there, and should continue to offer selling opportunities. On the downside, we do prefer selling a daily close below $2.70, and would become aggressive at that point. The trend is still decidedly to the downside, and as such we feel much more comfortable on the short side of this trade even though there’s been significant strength recently.
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Originally posted here
