The natural gas markets fell during the session on Friday as the massive up move on Thursday prompted traders to take profits during the session. The $2.60 level was the first level that we suggested there could be serious resistance, and it does appear that the level has started to work against the price of this market. The candle for the session is a bit of a doji, and as a result we think a break to the bottom would be a big enough signal to sell this down trending market. On a break higher, we are looking for weak candles near the $2.80 and $3 levels.
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Originally posted here