By FXEmpire.com
The natural gas markets rose again on the Tuesday session as the short covering rally continued. The ISM numbers out of America suggested that the industrial base was picking up, and as a result natural gas should be consumed at a greater rate. However, to think that the natural gas markets are suddenly in a bull mode is a huge stretch.
The pair looks to be coming up on a downtrend line, and as a result we think the weak candle that should come will be one to sell. In fact, we see the $2.40 and $2.60 levels as good places to look for weak price action to sell. Selling is the only way to go – we don’t buy.
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Originally posted here