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.
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.
