Natural gas markets gapped lower at the open on Monday, as we continue to see bearish pressure longer term. I think that the $2.75 level above will begin
Natural gas markets gapped lower at the open on Monday, as we continue to see bearish pressure longer term. I think that the $2.75 level above will begin a significant amount of resistance, so anytime become closer that is or selling off, I’m willing to short this market. Alternately, a breakdown below the lows of the session on Monday would have me selling as well as we should then reach towards the $2.50 level under that. Anytime we rally, I believe it’s going to continue to be and I selling opportunity. I have no interest in buying.
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.