The natural gas markets initially fell during the course of the week, gapping lower at the beginning. However, we found enough support below at the $2.65
The natural gas markets initially fell during the course of the week, gapping lower at the beginning. However, we found enough support below at the $2.65 region in order to show signs of strength. With this, we believe that the market is going to reach back towards the $3.00 level, as we continue the overall consolidation. Having said that though, we still recognize that selling is going to be easier than buying. We believe ultimately this market will continue to bounce around in this general vicinity, as the range has been so reliable.
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.