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.
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.
