Natural gas markets fell during the majority of the week, crashing into the $3.80 handle. This area of course offered support, and as a result it appears
Natural gas markets fell during the majority of the week, crashing into the $3.80 handle. This area of course offered support, and as a result it appears that we going to continue to consolidate at this point in time. However, a longer-term trade probably isn’t in the cards right now as we simply don’t have enough room to move in the unit direction as far as we can see. We think this is a short-term trader’s type of market, and as a result we will stay out of longer-term positions.
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.
