The natural gas markets again during the Monday session as the bounce produced a 1% rise in the value of the contract. However, we have broken down below
The natural gas markets again during the Monday session as the bounce produced a 1% rise in the value of the contract. However, we have broken down below significant support just above, and we feel that a return to bearishness is very likely in the short-term. We are waiting for a bearish candle on the daily chart to start selling again now that we have broken below the $3.35 level, and as a result are presently flat of this market. However, if we get a shooting star, or another weak type of candle, we are more than willing to start selling again.
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.
