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
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.
