By FXEmpire.com
The natural gas markets rose slightly during the Friday session as the bounce continues. The short covering rally looks like it is continuing, but the $2.60 level above looks very resistive. With the trend that we have seen recently, it is very difficult to think that buying is going to be easy. The trend has been very vicious, and the fundamental story for natural gas hasn’t changed at all. The bounce should prove to be just that, a bounce.
We are looking to sell from a rally, and the $2.60 level looks like it could be a good place to see weakness. The area will serve as the next potential selling area for us and on the first sign of weakness – we are selling.
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Originally posted here
