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Natural Gas forecast for the week of September 18, 2017, Technical Analysis
Updated: Sep 16, 2017, 05:33 GMT+00:00
Natural gas markets had a positive week, but yet again have found plenty of selling pressure near the $3.10 level. Because of this, I think that we
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Natural gas markets had a positive week, but yet again have found plenty of selling pressure near the $3.10 level. Because of this, I think that we continue to find ourselves going back and forth, and longer-term traders are going to continue to struggle. Short-term traders continue to sell the rallies, which is what I have been doing, but off of the hourly and 4-hour chart, not the weekly chart. It’s difficult to play a longer-term trade, but a break above the $3.10 level certainly would have buyers getting involved for a longer move.
NATGAS Video 18.9.17
About the Author
Christopher LewisSenior Analyst
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.
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