The natural gas markets initially tried to rally during the course of the day on Tuesday, but turned back around to form a bit of an exhaustive shooting
The natural gas markets initially tried to rally during the course of the day on Tuesday, but turned back around to form a bit of an exhaustive shooting star. Because of this, if we can break down below the bottom of the shooting star I feel that the market will drop down to the $2.60 level. If we can break above the top of the shooting star though, the market will ultimately grind its way higher, but that will be the key word here: grind. With that I am much more comfortable selling.
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.
