By FXEmpire.com
The natural gas markets fell during the session on Tuesday as the consolidation continued. The $2.70 level continues offer support on the downside, while the $3.10 level offers resistance above. It looks as if this market will go sideways for a while, and with it being the dead of summer this makes sense.
Because of this, we feel that the next move is probably higher, but only for about a dime. The hammer does look supportive at this point in time, but the resistance is just above. This is a short-term traders market, and as such it can be bought closer to $2.70, and sold it anytime we get nearer $3.
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Originally posted here
