The Natural Gas initially rallied during the course of the session on Wednesday, testing the $2.40 level. Ultimately though, we turned back around to form
The Natural Gas initially rallied during the course of the session on Wednesday, testing the $2.40 level. Ultimately though, we turned back around to form a shooting star, and with that being the case the market should continue to go lower. The 2.20 level continues to be the floor in this market, but we do think eventually we will break down below there. With this, we are sellers of the natural gas markets every time it rallies. However, keep in mind that you will probably have to stick to the short-term charts at the moment.
Natural Gas Forecast November 19, 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.
