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
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.
