Natural gas markets fell during the day on Tuesday, as we continue to grind lower. Ultimately, we think that this is a market that you can sell every time
Natural gas markets fell during the day on Tuesday, as we continue to grind lower. Ultimately, we think that this is a market that you can sell every time it rallies, and that seems to be what the short-term traders are doing as well. Given enough time, we believe that this market reaches down to the $2.00 level, and as a result we have no interest whatsoever in buying. We believe that the strengthening US dollar and of course massive supply should continue to work against the value of the natural gas commodity markets.
Natural Gas Forecast November 25, 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.
