The natural gas markets tried to rally initially during the day on Friday, but found enough resistance of the $2.30 level to turn things around and form a
The natural gas markets tried to rally initially during the day on Friday, but found enough resistance of the $2.30 level to turn things around and form a rather negative candle. With this, we believe that the market is going to continue to grind down to the $2.00 level, as the market should continue to offer selling opportunities again and again. Ultimately, we believe that this market is one that will continue to be soft for the foreseeable future so we are not even thinking about buying at this point and don’t necessarily even have a scenario in which that changes.
Natural Gas Forecast November 30, 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.
