The natural gas markets gapped slightly during the session on Monday to the downside, but having said that the market still showed a lot of volatility as
The natural gas markets gapped slightly during the session on Monday to the downside, but having said that the market still showed a lot of volatility as we bounced off of the $2.65 level. This is an area that has been supportive in the past, so it does not surprise us at all that we bounced a bit. With that, we feel that the market should continue to attract attention overall, but we are hesitant to sell. We think that a move above the top of the range for the session on Monday could be a short-term buying opportunity.
Natural Gas Forecast August 25, 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.
