By FXEmpire.com
The natural gas markets fell fairly hard on the Monday session as the sellers stepped back into the market. The $2.50 level seems to be holding, and the bearish candle for the session is very strong as the markets are closing at the very lows. The $2.40 level below is supportive, but should give way eventually. A daily close below that $2.40 level would be our sell signal as this market looks absolutely horrible in the longer term. The demand for natural gas should drift lower as the summer months arrive in the United States. Because of this, we wait to get our above mentioned sell signals to get involved. Buying isn’t even a thought at this point.
Click here a current Natural Gas Chart.
Originally posted here
