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Natural Gas Price Forecast August 29, 2017, Technical Analysis
Updated: Aug 29, 2017, 04:14 GMT+00:00
The natural gas markets were extraordinarily volatile during the Monday session, as we are trying to decide what Harvey has done to the Texas region. We
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The natural gas markets were extraordinarily volatile during the Monday session, as we are trying to decide what Harvey has done to the Texas region. We found support at the $2.85 level, and bounced all the way to the $2.96 level. We went back and forth, and at this point in time I would stay out of this market as the volatility will continue to be extreme. We have thin trading volume anyway, the and the uncertainty will continue to cause a lot of choppiness. I am going to let the market settle itself down before putting any money to work.
NATGAS Video 29.8.17
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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