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Natural Gas Price Forecast September 12, 2017, Technical Analysis
Updated: Sep 12, 2017, 03:46 GMT+00:00
Natural gas markets initially gapped higher at the open on Monday, but then rolled over to fill that gap, only to rally again. I think the given enough
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Natural gas markets initially gapped higher at the open on Monday, but then rolled over to fill that gap, only to rally again. I think the given enough time, we could continue to see bearish pressure, but probably from higher levels. Longer-term, the $3 level has been massively resistive, extending to the $3.10 level. Because of this, I’m waiting for this market to rally enough to start selling from a higher level to make the risk to reward ratio worthwhile. In the meantime, I am on the sidelines and waiting for my trading opportunity.
NATGAS Video 12.9.17
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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