By FX Empire.com
Natural gas markets sold off again on Friday to continue the downward pressure on the commodity. The $3.50 level has given way, but the market seems a bit oversold at this point in time. With this in mind, we are more comfortable waiting to see a bounce to $3.50 or even $3.75 from which to sell. The bounce that could be coming from a short-covering rally could be quite unexpected and sudden as colder weather comes to the Northeast of the US. The market cannot be bought though – the trend is far too ugly for that.
Originally posted here
