The natural gas markets went back and forth during the course of the session and as a result it looks as if the market is simply trying to build up enough
The natural gas markets went back and forth during the course of the session and as a result it looks as if the market is simply trying to build up enough momentum to continue going higher. If we can get above the $3 level, I feel at that point in time the market will probably try to grind its way towards the $3.40 level. Ultimately, I think that the buyers are very much in control still, so having said that it’s difficult to sell and I think there’s far too much support below in order to even think about it at this point in time.
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.
