The natural gas markets gapped higher at the open on Monday, and then continue to go even higher. However, we found more than enough resistance above to
The natural gas markets gapped higher at the open on Monday, and then continue to go even higher. However, we found more than enough resistance above to turn the market back around and form a shooting star. With this, it looks like we are at lease going to pull back, but if we can follow through the bottom of the gap, that would be a very negative sign and have us falling even farther. A break above the $2.20 level should send this market to the $2.30 level, at least for a short-term trade. Ultimately though, we are still very much in a downtrend.
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.
