Natural gas markets fell during the day on Wednesday, as we continue to see bearish pressure in this market overall. We reached towards the $3 level
Natural gas markets fell during the day on Wednesday, as we continue to see bearish pressure in this market overall. We reached towards the $3 level during the day on Tuesday, which was massive resistance. I think that we will continue to see the market sell rallies, as the oversupply of natural gas continues. Given enough time, I think that the market should then go to the $2.85 level, and then eventually even the $2.75 level after that. I have no interest in buying natural gas, least not until we break above the $3.10 level, which of course isn’t going to happen today.
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.
