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The natural gas markets fell originally during the Thursday session, but bounced in order to form a fairly bullish candle. We close right around the $2.75 level, which is the beginning of serious noise to the upside. Because of this, we think that resistance will step back into the marketplace and we will see a selling opportunity over the next day or two.
We are more than willing to sell resistive candles all the way up to the $3.00 level, and believe that eventually the downtrend will take over yet again. The breakdown over the last several weeks needed a bounce, and it looks like that's what we gotten. This will allow more people to step in and sell this already beat down market.