Natural gas markets did very little during the session on Thursday, but the one thing that we did see was selling towards the end of the day. With this,
Natural gas markets did very little during the session on Thursday, but the one thing that we did see was selling towards the end of the day. With this, it looks as if the market will finally break down given enough time, and all you have to do is start shorting in be very patient. That’s how we are playing this market, simply putting on short positions and taking profits as they come. We believe that the $2.20 level below will be the target yet again, and eventually we will break down even below there and reach towards the $2.00 handle.
Natural Gas Forecast November 20, 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.
