The natural gas markets rose during the course of the session on Friday as we continue to see quite a bit of volatility near the $2.20 level. There is a
The natural gas markets rose during the course of the session on Friday as we continue to see quite a bit of volatility near the $2.20 level. There is a significant amount of resistance at the $2.40 level as well. Because of this, we believe that the market will go back and forth, and as a result with that we are anticipating quite a bit of short-term volatility. Even if we break above the $2.40 level, the market should then reach towards the $2.60 level as there is a significant amount of resistance. If it does break out to the upside, we will simply wait until we can sell at higher levels.
Natural Gas Forecast November 16, 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.
