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.
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.
