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.
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.
