The natural gas markets fell again during the session on Wednesday, and it appears that we will continue to go lower. We have a target of $3.50 level, and
The natural gas markets fell again during the session on Wednesday, and it appears that we will continue to go lower. We have a target of $3.50 level, and that of course has not been changed by anything we have seen on this chart. That being the case, we feel that this market should continue to be bearish, and therefore we are willing to sell this market going forward. We think rallies continue to offer selling opportunities, and that the market should continue to be one that cannot be bought under any circumstance.
Natural Gas Forecast October 23, 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.
