The natural gas markets as you can see tried to rally during the course of the week, but found enough resistance above to turn things back around and form
The natural gas markets as you can see tried to rally during the course of the week, but found enough resistance above to turn things back around and form a dirty nasty looking shooting star. The shooting star sits right on the $3.70 handle, and with that we believe that a break below that level should send this market much lower. The market certainly looks like it’s ready to come undone, and if it does we feel that the $3.50 level will be targeted first. We do not have a scenario to start buying quite yet but will continue to monitor this marketplace.
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.
