By FXEmpire.com
The natural gas markets rose on Tuesday as the markets continue to try and rally. The $2.60 level looks like s significant resistance level to us and the 100 day exponential moving average is just above it. This should continue to keep the buyers at bay, and there is the fact that we are approaching the 50% Fibonacci retracement level from the fall at the $3 level. The market still is in a downtrend, so we are content to simply wait for a negative set up to start shorting this pair again.
Click here a current Natural Gas Chart.
Originally posted here
