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.
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.
