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Natural Gas Forecast April 29, 2016, Technical Analysis

By:
Christopher Lewis
Updated: Apr 29, 2016, 05:11 UTC

The natural gas markets fell during the course of the day on Thursday, showing quite a bit of bearish pressure. However, there is still a significant

Natural Gas Forecast April 29, 2016, Technical Analysis

The natural gas markets fell during the course of the day on Thursday, showing quite a bit of bearish pressure. However, there is still a significant amount of volatility in general, so having said that it’s difficult to imagine that it’s going to be easy to trade this market in general. However, the longer-term trend is still to the downside even though we have seen quite a bit of volatility and strength to the upside over the past several weeks. At this point in time, we are simply sitting on the sidelines as it is not a market we wish to risk any trading capital in.

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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