The natural gas markets fell during the course of the week, forming a bearish engulfing candle. With this being the case, the market looks as if it is
The natural gas markets fell during the course of the week, forming a bearish engulfing candle. With this being the case, the market looks as if it is ready to go much lower, and as a result we are sellers overall. However, we believe that short-term charts will probably be the best way in order to take advantage of this weakness, so we are sellers of short-term rallies that show signs of exhaustion. We believe ultimately this market does reach down to the $2 handle given enough time.
Natural Gas forecast for the week of November 23, 2015, Technical Analysis
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.
