Natural gas markets rolled over during the day on Friday yet again, as we continue to see a lot of bearish pressure. I think there is supported the $2.85 level underneath though, so I like the idea of selling rallies more than anything else. The three dollars level above should continue to be a massive resistance barrier, and it’s obvious that we cannot get above there anytime soon. I am a seller of natural gas, even though we have a hurricane coming towards a vital part of the United States over the weekend.
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Natural Gas Price Forecast August 28, 2017, Technical Analysis
Natural gas markets rolled over during the day on Friday yet again, as we continue to see a lot of bearish pressure. I think there is supported the $2.85
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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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