The natural gas markets as you can see went back and forth during the course of the session on Friday, essentially settling for a slight decline. We
The natural gas markets as you can see went back and forth during the course of the session on Friday, essentially settling for a slight decline. We believe that rallies will continue to be selling opportunities, so we are looking for resistive candles above in order to start selling again. We believe that the market will then head towards the $2.65 level given enough time, and as a result we believe that short-term sell orders will continue to be filled. We believe that the $2.95 level above is massively resistive and will keep this market soft.
Natural Gas Forecast August 10, 2015, Technical Analysis
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.
