The natural gas markets initially tried to rally during the course of the week, but found enough resistance near the $2.95 level to turn things back
The natural gas markets initially tried to rally during the course of the week, but found enough resistance near the $2.95 level to turn things back around and form a massive shooting star. This suggests that the market is going to go lower, but at this point in time we do not think that there is enough room for longer-term traders to get involved. We think that this is more or less a short-term traders market at this point in time, and as a result we are sitting on the sidelines as far as long-term trades are concerned.
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.
