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.
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.
