The natural gas markets rose during the course of the session on Thursday, breaking the top of the shooting star from Wednesday. Because of this, it
The natural gas markets rose during the course of the session on Thursday, breaking the top of the shooting star from Wednesday. Because of this, it appears that the market is ready to bounce from here but we think it is simply going to offer a better selling opportunity at higher levels. A resistant candle above gets us interested in shorting this market which is obviously very bearish overall. This should be considered basically a “relief rally”, and nothing more than that. With this being the case, we still believe that natural gas will reach down to the $2.00 level.
Natural Gas Forecast November 6, 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.
