The natural gas markets rose slightly during the session on Friday, hovering around the $4.00 level. That being the case, it appears that the market will
The natural gas markets rose slightly during the session on Friday, hovering around the $4.00 level. That being the case, it appears that the market will continue to consolidate between the $3.80 level and the $4.20 level overall, meaning that we are essentially in no man’s land at the moment, meaning that we can’t take a trade in either direction at this point in time. However, once we get closer one of those aforementioned levels, we could place a trade in one direction or the other depending on the candle shave and the levels.
Natural Gas Forecast October 6, 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.
