The natural gas markets initially dropped during the session on Thursday, and then bounced enough to form a positive candle. With that being the case, the
The natural gas markets initially dropped during the session on Thursday, and then bounced enough to form a positive candle. With that being the case, the market looks as if it’s ready to head towards the $3.90 level, an area that had previously been supportive. That being the case, it should now be resistive, and we would love to sell a resistant candle somewhere closer to that area in order to take advantage of what is obviously a very bearish market that continues to offer selling opportunities over the longer term. With that, we have no interest in buying whatsoever.
Natural Gas Forecast October 31, 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.
