By FXEmpire.com
The natural gas markets fell during the Friday session, to retest the $3.00 level area again. The area did hold up, and we formed what looks much like a hammer. The market has recently broken out, but it has to be said that the weekly charts look a bit concerning for the bullish trader.
It is because of the shooting star that has formed on the weekly chart that we are waiting until a break of the $3.20 resistance level on a daily close in order to buy at this point. As for selling is concerned, if we can break down in close below the $3.00 level on a daily chart, we would be willing to sell at that point in time as it would also trigger a weekly sell signal.
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Originally posted here
