The natural gas markets went back and forth during the day on Thursday, as we have seen quite a bit of volatility. The $3.50 level below is supportive,
The natural gas markets went back and forth during the day on Thursday, as we have seen quite a bit of volatility. The $3.50 level below is supportive, but if we break down below there I think we will see a gradual drift down to the $3.30 level below. The uptrend line should still be essentially considered to be the “floor” in this market, but it does look like the market is rolling over a little bit for the short-term. After the massive move, higher though, you have to think that the buyers are still out there hanging around.
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.
