By FXEmpire.com
The natural gas markets rose during the Thursday session as the rally continued. The trigger for more selling for us was a break of the lows from Wednesday, and as it wasn’t triggered – we are still on the sidelines at this point. This chart is a great example of why waiting for the trigger to get activated is so important as a trader. Anyone that sold at the open got burnt today, even though in the end they will probably be right. With this in mind, we are still ready to sell this contract on signs of weakness going forward. We pay special note to the “20s” in this market as there is a long string of resistance areas at those numbers, including $2.80, $3.00, and $3.20.
Click here to read Natural Gas Technical Analysis.
Originally posted here
