Natural gas markets rallied on Friday, breaking above the top of the hammer from Thursday and clearing the important $3.25 level. I believe that the
Natural gas markets rallied on Friday, breaking above the top of the hammer from Thursday and clearing the important $3.25 level. I believe that the market is going to continue to go higher from here, reaching towards the $3.33 level above. Once we break above there, the market should be free to go to the $3.40 level, and then eventually the $3.50 level. Short-term pullback should be buying opportunities as the gap from early in the week shows just how strong this market truly is currently. I have no interest in selling, it looks as if the buyers are running the show.
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.
