The natural gas markets gapped lower, and then rose during the Monday session. However, the market is still sub-3.85, and we feel that this breakdown will more than likely continue as the level has been steady support, and technical analysis dictates that this should be resistance. Add to that the fundamentals being that more natural gas is found almost daily, and the outlook for prices is very bleak indeed in this market. We are sellers of all rallies at this point.
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