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.
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.
