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.
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.
