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
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.
