Natural gas markets had a significant breakdown this week, breaking below the recent support and testing the $3.60 level. This area of course is below the
Natural gas markets had a significant breakdown this week, breaking below the recent support and testing the $3.60 level. This area of course is below the most recent low, and with that we feel that the market will more than likely test the $3.50 level, a much more significant supportive level. With that, we are bearish and would sell rallies at this point time as the natural gas markets continue to come undone. We see no scenario in which we are buyers, as natural gas markets have simply lost all upward momentum.
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.
