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.
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.
