The natural gas markets fell yet again during the session on Monday, slicing into the $3.90 handle. It appears that this market is ready to continue
The natural gas markets fell yet again during the session on Monday, slicing into the $3.90 handle. It appears that this market is ready to continue consolidating and as a result we could drop a little bit lower, but there’s probably not a whole lot of room to move. With this, we would anticipate the $3.80 level to be significantly supportive, and that a bounce would probably come from that area. Looking at this chart though, it appears that we are simply ready to go back and forth, and probably not a whole lot more than that at this point.
Natural Gas Forecast October 7, 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.
