The natural gas markets initially trying to rally on Friday but found enough resistance of the $3.75 level to turn around to form a bit of a shooting
The natural gas markets initially trying to rally on Friday but found enough resistance of the $3.75 level to turn around to form a bit of a shooting star. The shooting star of course is a negative candle, so it looks as if we could draw from here and reach towards lower levels in order to find support. A break above the top of the shooting star would send this market even higher. Ultimately, I believe that the market is overbought but there is enough bullish pressure underneath that buyers will trying to look for an opportunity to take advantage of value.
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.
