Natural gas markets did almost nothing during the course of the day on Thursday, after gapping lower. This is a market that has no momentum to the upside
Natural gas markets did almost nothing during the course of the day on Thursday, after gapping lower. This is a market that has no momentum to the upside as far as we can see, and we remain short. We believe that ultimately this market reaches down to the $2 level, and that any rally between now and then should be a selling opportunity. The supply is far too strong for the demand, and that should continue to be the case going forward. On top of that, we have a strengthening US dollar working against commodities in general.
Natural Gas Forecast November 27, 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.
