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Natural Gas Forecast April 29, 2016, Technical Analysis

By
Christopher Lewis
Updated: Apr 29, 2016, 05:11 GMT+00:00

The natural gas markets fell during the course of the day on Thursday, showing quite a bit of bearish pressure. However, there is still a significant

Natural Gas Forecast April 29, 2016, Technical Analysis

The natural gas markets fell during the course of the day on Thursday, showing quite a bit of bearish pressure. However, there is still a significant amount of volatility in general, so having said that it’s difficult to imagine that it’s going to be easy to trade this market in general. However, the longer-term trend is still to the downside even though we have seen quite a bit of volatility and strength to the upside over the past several weeks. At this point in time, we are simply sitting on the sidelines as it is not a market we wish to risk any trading capital in.

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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