The natural gas markets broke higher during the course of the session on Thursday, exploding to the upside and breaking well above the $2.80 level.
The natural gas markets broke higher during the course of the session on Thursday, exploding to the upside and breaking well above the $2.80 level. Because of this, it looks as if the market is going to continue to go higher, reaching towards the $3.00 level which had been so resistive previously. With this, believe short-term pullbacks will be buying opportunities and the market will continue to show a positive proclivity. I have no interest in selling, and believe that we will have to make another attempt at the $3.00 level, as it looks so tempting.
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.
