The natural gas markets gapped lower at the open on Tuesday, but then bounced off of the $2.30 level to form a bit of a hammer. However, at this point in
The natural gas markets gapped lower at the open on Tuesday, but then bounced off of the $2.30 level to form a bit of a hammer. However, at this point in time the hammer simply looks like we are not quite ready to break down, but we at FX Empire most certainly are sellers of natural gas and not buyers. It’s only a matter of time before the market should reach back towards the $2.25 handle, and then lower than that. Rallies offer selling opportunities as far as we can see at this point in time also.
Natural Gas Forecast November 18, 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.
