The natural gas markets gapped a little bit lower at the open of the week and then formed a positive candle. However, the candle is very short in
The natural gas markets gapped a little bit lower at the open of the week and then formed a positive candle. However, the candle is very short in comparison to the previous negative candle, and that being the case it is a far cry from turning the situation around. We are in a longer-term downtrend, and at this point time we believe that resistive candles will be selling opportunities as well as a break down below the bottom of the range for the week. We have no interest in buying at this point.
Natural Gas forecast for the week of January 25, 2016, Technical Analysis
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.
