Natural gas markets rallied during the session on Tuesday, testing the $2.80 level. As we are currently consolidating, we simply wait into we get to the
Natural gas markets rallied during the session on Tuesday, testing the $2.80 level. As we are currently consolidating, we simply wait into we get to the top of that consolidation in order to start selling again. If we get that move towards the $2.90 handle, we are sellers. In fact, the natural gas markets are so bearish that we are not even going to wait until we get a signal, we are simply just going to start selling right away. Ultimately, we believe that this market will reach back towards the $2.65 level given enough time.
Natural Gas Forecast August 5, 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.