Natural gas markets exploded to the upside yet again on Thursday, awaiting the inventory numbers. The $3.10 level above has been resistive in the past,
Natural gas markets exploded to the upside yet again on Thursday, awaiting the inventory numbers. The $3.10 level above has been resistive in the past, and it looks as if it is offering resistance now. However, I would be the first to admit that we are most certainly testing the boundary of resistance. If we can get some type of roll over or exhaustive candle, I’d be willing to sell only because it is a better risk to reward ratio. Alternately, if we break above the $3.10 level on a daily candle, then I think the market goes much higher.
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.
