The natural gas markets tried to rally during the course of the day on Thursday, but continue to find sellers every time we go higher. We believe that the
The natural gas markets tried to rally during the course of the day on Thursday, but continue to find sellers every time we go higher. We believe that the market can be sold again and again, simply because we are far too resistive above to continue any sustained rally. With this, we are looking at short-term charts in order to find enough resistance to turn things back around and start selling off again. We have no interest whatsoever in buying, and recognize that this market is still going to continue much lower from here.
Natural Gas Forecast November 5, 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.
