The natural gas markets trying to rally during the week, but fell short at the $3.80 level in order to pullback in form a shooting star. This shooting
The natural gas markets trying to rally during the week, but fell short at the $3.80 level in order to pullback in form a shooting star. This shooting star sits just above the $3.50 level, and as a result it does look like we’re trying to break down into that area. We see a significant amount of support down at the 3.20 level, and don’t necessarily think that we will break through it with any type of easing all. We also see the $3.00 level as a massive support area, and as such could see a bounce from that area even if we do get below $3.20 before that. Nonetheless, we see weaker prices ahead.
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.
