The natural gas markets as you can see went back and forth during the course of the day on Tuesday, as the market continues to struggle overall. That
The natural gas markets as you can see went back and forth during the course of the day on Tuesday, as the market continues to struggle overall. That being the case, we feel that rallies will continue to offer selling opportunities as the market should then head down to the $3.50 level given enough time. With that, we have no interest whatsoever in buying this market as the market certainly has a lot of selling pressure above to keep markets much lower. With that, we will continue to sell over and over again, as we believe the market has already spoken as to where it wants to go.
Natural Gas Forecast October 22, 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.
