Natural gas markets initially fell during the course of the week, testing the $2.60 region. We bounced enough to form a nice-looking hammer though, just
Natural gas markets initially fell during the course of the week, testing the $2.60 region. We bounced enough to form a nice-looking hammer though, just as we did the previous week. Because of this, it looks as if we are going to test the $3.00 level above, and perhaps try to break out. Ultimately, if we can get above there it is a very bullish sign for the natural gas market. Expect volatility no, this has been an area that has previously offered a significant amount of resistance.
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.
