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
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.
