The natural gas markets formed a massive green candle at the end of the day on Wednesday, and then on Thursday ended up initially falling to the $3 level,
The natural gas markets formed a massive green candle at the end of the day on Wednesday, and then on Thursday ended up initially falling to the $3 level, but bounced enough to form a supportive looking hammer. Quite frankly this is a bit of a surprise as this explosive move certainly has quite a bit of momentum behind it. With this, we can break above the top of the candle for the Thursday session, it looks as if the longer-term uptrend will continue. However, one thing you can count on is that the natural gas markets will be very volatile.
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.
