The natural gas markets did very little during the day on Wednesday, testing the $2 handle. Ultimately though, we believe that this is a market that you
The natural gas markets did very little during the day on Wednesday, testing the $2 handle. Ultimately though, we believe that this is a market that you cannot buying you have to sell so we are simply waiting to see whether or not we get resistive candles after short-term rallies, and of course breakdowns to sell. We have noticed whatsoever in buying this market, it is in a longer-term downtrend for several good reasons, so with that we are very negative of this market and think that it continues to struggle going forward. Having said that, all of the easy money shorting this market has already been made.
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.
