. Natural gas markets tried to rally during the week, but as we got the bearish numbers coming out of the inventory situation, the market rolled over again.
. Natural gas is certainly going to struggle with the weather getting warmer in the United States, and of course the inventory numbers being more bearish than anticipated.
. The natural gas markets will continue to be very noisy, and I do believe that it’s easier to trade this market from shorter-term standpoint.
. A breakdown below the $2.50 level probably sends this market looking for the $2.25 level. If we break down below there, it’s likely that the $2.00 level will be targeted as well.
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