The natural gas markets fell slightly during the course of the day on Wednesday, as we continue to grind around the $2.30 level. Ultimately, we feel that
The natural gas markets fell slightly during the course of the day on Wednesday, as we continue to grind around the $2.30 level. Ultimately, we feel that the market continues to go much lower, so we have no interest in buying. This is a very strong downtrend that we are dealing with, so there is no way whatsoever that we would be buying natural gas here at FX Empire. We believe that this market continues down to the $2.00 level, which of course is a large, round, psychologically significant number. We believe that the ceiling in this market is somewhere close to the $2.60 level.
Natural Gas Forecast November 12, 2015, Technical Analysis
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.
