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
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.
