Natural gas markets initially tried to rally during the course of the week, but turned back around to form a shooting star at the bottom of a massively
Natural gas markets initially tried to rally during the course of the week, but turned back around to form a shooting star at the bottom of a massively negative trend. Because of this, the market should then reach down towards the $2.00 level, which is the next major round number. We believe that rally should continue to be selling opportunities, as the demand for natural gas doesn’t support the market very well, and then of course you have to believe that the US dollar strengthening isn’t helping the market either.
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.
