Natural gas markets rose during the week, bouncing off a couple of major moving averages and essentially showing that we are going to consolidate around
Natural gas markets rose during the week, bouncing off a couple of major moving averages and essentially showing that we are going to consolidate around the $3 level. Because of this, I believe that it could be difficult to trade this market from the longer-term, but I think that sooner rather than later the sellers will return. I remain bearish of natural gas in general, but this is obviously an area where there is a lot of order flow, so it makes sense that we will bounce around quite a bit.
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.
