The natural gas markets went back and forth during the course of the session on Friday, essentially hugging the $2.80 level. With this, we feel that the
The natural gas markets went back and forth during the course of the session on Friday, essentially hugging the $2.80 level. With this, we feel that the market could bounce from here, but quite frankly we would be looking to sell this market at higher levels. We think that the market is inherently bearish, but at this point in time we are simply consolidating and will probably continue to do so overall. At this point in time, we have no interest whatsoever in buying natural gas, as the supply of natural gas as far too large for demand.
Natural Gas Forecast August 17, 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.
