The natural gas markets gapped lower at the open on Monday, and then dropped well below the $3.70 handle. Because of this, it appears of the natural gas
The natural gas markets gapped lower at the open on Monday, and then dropped well below the $3.70 handle. Because of this, it appears of the natural gas markets are going to continue to go lower, and a warmer than anticipated northeastern part of the United States should continue to keep the market somewhat soft. After all, we have broken down below a significant rectangle, which had its support down at the $3.80 handle. Based upon the measurement, we should drop to the $3.50 level, which of course is also a large, round, psychologically significant number.
Natural Gas Forecast October 21, 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.
