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.
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.
