By FXEmpire.com
The natural gas markets rose slightly on Monday as the market continues to consolidate just under the $2.40 handle. The market is still decidedly bearish, but this latest round of buying will have caught many traders off guard, and as a result perhaps a break is what many need. With this in mind, we continue to see the market as being divided up in 20 cent increments, as there is resistance at $2.40, $2.60, $2.80, etc. Because of this, we are still looking to sell, but would like to see a resistive candle on the daily in order to do so. Perhaps a shooting star or bearish engulfing one to use as a signal. However, if we close below the $2, 20 levels on the daily charts, this would be a sell signal to us as well.
Click here a current Natural Gas Chart.
Originally posted here
