The natural gas markets fell slightly during the course of the session on Thursday, testing the $2 level yet again. Quite friendly, this is an area that
The natural gas markets fell slightly during the course of the session on Thursday, testing the $2 level yet again. Quite friendly, this is an area that has quite a bit of psychological significance to it, so it’s very likely that any rally at this point in time will more than likely have to be sold off. There is a significant amount of support all the way down to the $1.90 level, but quite frankly this is a market that is in a downtrend for a reason, and therefore we feel that it’s impossible to buy. We are sellers on exhaustive and of course breakdowns.
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.
