Natural gas markets fell during the course of the day on Thursday, testing the $3.90 level. That area has brought in buyers from time to time, as we
Natural gas markets fell during the course of the day on Thursday, testing the $3.90 level. That area has brought in buyers from time to time, as we continue to consolidate in this general vicinity. With that, we feel that the market would be a decent market to start buying on a supportive candle, but we do not have it yet. The market looks as if it’s ready to just simply bang around between the $3.80 level and the $4.20 level. With that, looking for short-term buying opportunities, but don’t see any at the moment.
Natural Gas Forecast October 3, 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.
