The natural gas markets as you can see rallied during the session on Thursday, bouncing off the $2.70 level. This is the bottom of the most recent
The natural gas markets as you can see rallied during the session on Thursday, bouncing off the $2.70 level. This is the bottom of the most recent consolidation area that we have been in for some time, so it makes sense that we rally. We think that this market will ultimately reach towards the $2.95 region, but find sellers there as well. Quite frankly this is the wrong time the year to find massive amounts of liquidity, so we feel that this market just simply continues to bounce around. We prefer selling.
Natural Gas Forecast August 21, 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.
