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The natural gas markets fell during most of the session on Monday, but bounced off of the three dollars level in order to find some support in form a hammer for the session. We have been out of this market recently, and as such we feel that this market is best avoided right now as it does look very choppy indeed. Granted, we have a longer-term downtrend in effect, but the truth is that we have seen quite a bit of resilience by the bulls lately.
Ultimately, we feel that this market will continue to fall over time but we aren't willing to put any money into it at this moment in time as the volatility is essentially chopping traders up right now.