The natural gas markets broke higher during the week, slicing through the $3.50 level at one point. The candle of course is very strong, but one thing
The natural gas markets broke higher during the week, slicing through the $3.50 level at one point. The candle of course is very strong, but one thing that concerns me is that the move has been very parabolic, and the $3.50 level has previously been so supportive. Because of this, we could get a bit of a “pushback” in this market. I think a pullback is needed, so therefore I’m not willing to buy from a longer-term perspective. However, with the massive bullish pressure that I have seen, but certainly not willing to sell either. I think this is a short-term market.
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.
