The natural gas markets went back and forth during the course of the day on Tuesday, testing the limits of resistance. The resulting candle is very
The natural gas markets went back and forth during the course of the day on Tuesday, testing the limits of resistance. The resulting candle is very neutral, and as a result we believe that a break down below the $4.10 level sends this market back into the previous consolidation area. On the other hand, if we get above the $4.20 level, we feel that the market could go higher, probably heading to the $4.40 level next. Simply put, we are either buying or selling this market based upon which side of this neutral candle we break out of.
Natural Gas Forecast October 1, 2014, 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.
