Natural gas markets rose slightly during the course of the day on Tuesday, but pricing remains very depressed along with the momentum. We believe that
Natural gas markets rose slightly during the course of the day on Tuesday, but pricing remains very depressed along with the momentum. We believe that rallies will continue to offer selling opportunities on exhaustive candles, and that the $2.60 level above is a massive ceiling above the markets. We believe eventually that the natural gas markets drop down to the $2.00 level, and with that we remain very bearish. The strengthening US dollar of course continues to push commodities down in general, and of course in a market that has far more supply than demand, it makes sense that it would only be exacerbated here.
Natural Gas Forecast November 11, 2015, Technical Analysis
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.
