The natural gas markets rallied during the course of the session on Thursday, but turned right back around to form a negative candle, testing the $2.90
The natural gas markets rallied during the course of the session on Thursday, but turned right back around to form a negative candle, testing the $2.90 level. There is quite a bit of support just below, so at this point in time I think that it is still a little early to be selling this market, but below the $2.85 level I think that the sellers will start stepping back into this market with a little bit more momentum. A supportive candle in this area could very well find buyers as this was previously a resistance barrier.
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.
