The natural gas markets went back and forth during the course of the session and as a result it looks as if the market is simply trying to build up enough
The natural gas markets went back and forth during the course of the session and as a result it looks as if the market is simply trying to build up enough momentum to continue going higher. If we can get above the $3 level, I feel at that point in time the market will probably try to grind its way towards the $3.40 level. Ultimately, I think that the buyers are very much in control still, so having said that it’s difficult to sell and I think there’s far too much support below in order to even think about it at this point in time.
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.
