By FXEmpire.com
The natural gas markets fell for much of the session on Wednesday, but managed a bounce by the end of the day to form a hammer. Because of this, it looks as if the market is going to try and continue higher to test the $2.80 level. However, we see the entire area between $2.80 and $3 as a potentially tough resistance area, and are looking to sell in this neighborhood. With this in mind, we are looking for weak candles to sell. We aren’t looking to buy unless we get a day or two above the $3 level as it would show a serious breach of resistance in this market.
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Originally posted here
