The natural gas markets gapped higher at the open on Monday, but ran into a bit of trouble at the $2.85 level. This is a market that is most certainly
The natural gas markets gapped higher at the open on Monday, but ran into a bit of trouble at the $2.85 level. This is a market that is most certainly quite bearish overall, but we have been consolidating recently. We are waiting to see if we get a resistant candle in order to start selling again, but in the meantime are simply going to sit on the sidelines as this is not a market that we wish to start buying. We believe that back and forth range bound trading will continue to be the way going forward in this particular market.
Natural Gas Forecast August 11, 2015, Technical Analysis
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.
