Natural Gas broke down during the trading session on Thursday, breaking below the $2.70 level, reaching down to the $2.65 level. It will only end up being a selling opportunity, and we could have tried to reach the $3 handle, it has been blown out of the water after the action.
It should be thought of as an opportunity to start selling yet again, the $2.50 level could be targeted, and now that we are looking very bearish, the sellers will continue to run this market.
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