MTECHTIPS;- Natural Gas collapses during trading on Monday, slicing through the $2.70 level

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MTECHTIPS;- Natural Gas collapses during trading on Monday, slicing through the $2.70 level

MTECHTIPS- Natural gas markets broke down significantly during trading on Monday, slicing through the $2.70 level. By doing so, it looks as if we are racing towards the $2.60 level again, and I think at this point the overall attitude of the market remains the same, selling the rallies. I think that the $2.75 level above is resistance, offering a nice area to sell again. I think that if we break down below the $2.60 level, we should then go to the $2.50 level. A breakdown below there unwinds this market rather drastically, but I think there will be enough support underneath to keep this market somewhat afloat. I believe that the negative attitude and the oversupply of natural gas will continue to be a major problem with this market, and therefore I think that the sellers will continue to be emboldened every time we show signs of positivist. I think that the attitude of this market hasn’t changed much, and I think that the rallies will continue to be excellent opportunities for those who are paying attention. At this point, I have no idea how anyone would be tempted to buy this market, but there’s always somebody

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