The natural gas markets initially tried to rally on Monday but then fell significantly. We are below the $3.05 level, and that is a very negative sign.
The natural gas markets initially tried to rally on Monday but then fell significantly. We are below the $3.05 level, and that is a very negative sign. However, I also recognize that the $3.00 level underneath will be support also, so we need to clear that to start selling. Alternately, if we turn around a break above the top of the bearish candle for the Monday session, that would be positive. I think a little bit of patience will show the way in this market going forward. Natural gas suddenly looks very bearish.
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.
