The natural gas markets fell precipitously during the week, using the $3 level as a bit of a “ceiling” in the market. I think that the market will
The natural gas markets fell precipitously during the week, using the $3 level as a bit of a “ceiling” in the market. I think that the market will continue to struggle, as we should see the $2.85 level challenge, and if we can break down below there, the market should then go to the $2.75 level. A clear below that level would send this market to the $2.50 level handle which is my longer-term target. I think that the oversupply of natural gas continues to be very negative, and therefore think that the overall attitude the market should remain very bearish.
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.
