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.
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.
