The natural gas markets initially fell on Wednesday, but found enough support near the $2.50 level to bounce. We are oversold, so quite frankly I think
The natural gas markets initially fell on Wednesday, but found enough support near the $2.50 level to bounce. We are oversold, so quite frankly I think this bounce is warranted. However, I recognize that the $2.75 level above should be resistive, so I more than willing to sell on signs of exhaustion. If we broke the back of the hammer from the session on Wednesday, that would be a very negative sign as well, but we are getting a little bit oversold, so I much more interested in selling the rallies as they appear.
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.
