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
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.
