The natural gas markets rallied during that week, reaching towards the $3.75 level. At this point, the market is far too overextended, as we continue to
The natural gas markets rallied during that week, reaching towards the $3.75 level. At this point, the market is far too overextended, as we continue to see bullish pressure and as a result I think that it’s only a matter time before a pullback offers value the people will take advantage of. The market is still going to suffer from structural issues longer-term, but at this point it’s obvious that we are focusing on the cold weather in the northeastern part of the United States which should continue to push demand upwards.
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.
