By FXEmpire.com
The natural gas markets rose slightly during the Thursday session, and looks to be consolidative at the moment. The $2.50 area is one that we see the start of serious resistance, so looking for weakness in this area is our plan. The trend is very negative, and this last bounce has been simply just that – a bounce. The next 40 cents above has several resistance points, and as a result we are simply waiting to see a shooting star or long red candle to sell on the daily charts. The higher this market goes, the more interested in selling we become.
Originally posted here
