By FXEmpire.com
The natural gas markets rose a bit during the session on Tuesday, further consolidating around the current level at $2.60 or so. The $2.60 level does look like support, and as a result this isn’t a big surprise. We prefer selling natural gas at the moment, but we haven’t got the signal we are waiting for yet.
In order to get short of this market, we need to see a daily close sub-$2.60, and until then we are simply waiting. Another scenario is a pop to the $3 level, and a failure to breakout. Conversely, if we get that breakout above $3, we would finally feel safe buying.
Click here a current Natural Gas Chart.
Originally posted here
