Natural gas markets rally during the day on Tuesday, as we have broken above the $3 level again. It looks as if we are trying to find support here, but I
Natural gas markets rally during the day on Tuesday, as we have broken above the $3 level again. It looks as if we are trying to find support here, but I think given enough time we will find sellers jumping back into the marketplace. The longer-term fundamentals do not favor higher natural gas prices for long, so I’m looking for a reason to start selling again, but I believe that waiting until we break below the $3 level on the downside might be the best way to play this market as we are starting to see a little bit of resiliency, but longer-term not much has changed.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
