Natural gas markets had been bullish, as traders started betting that disruption of natural gas supply would be a result of the hurricanes. However, that
Natural gas markets had been bullish, as traders started betting that disruption of natural gas supply would be a result of the hurricanes. However, that is not the case, and as expected, the natural gas markets have collapsed. A move to the $2.85 level seems all but assured at this point, and I suspect we will probably even fall to the $2.75 level as the seasonality of this market is rather negative at this point of the year. As you can see, the area above $3 has continue to offer significant resistance, and it looks as if that should continue.
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.
