The natural gas markets did very little during the course of the day on Tuesday as we continue to meander just below the $2.30 level. Because of this, we
The natural gas markets did very little during the course of the day on Tuesday as we continue to meander just below the $2.30 level. Because of this, we think that the market is essentially trying to build up enough momentum for a bit of a bounce, but we will ignore that bounce and sell when signs of exhaustion appear afterwards. We also would sell below the $2.20 level, as it would show a significant increase in the downward pressure as we reach towards the $2.00 level over the longer term. We have no interest whatsoever in buying.
Natural Gas Forecast November 4, 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.
