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
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.
