The natural gas markets fell slightly during the course of the session on Thursday, testing the $2 level yet again. Quite friendly, this is an area that
The natural gas markets fell slightly during the course of the session on Thursday, testing the $2 level yet again. Quite friendly, this is an area that has quite a bit of psychological significance to it, so it’s very likely that any rally at this point in time will more than likely have to be sold off. There is a significant amount of support all the way down to the $1.90 level, but quite frankly this is a market that is in a downtrend for a reason, and therefore we feel that it’s impossible to buy. We are sellers on exhaustive and of course breakdowns.
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.
