Natural gas markets went sideways initially during the trading session on Tuesday, but broke down below the $3 level. This is a very negative sign, and it
Natural gas markets went sideways initially during the trading session on Tuesday, but broke down below the $3 level. This is a very negative sign, and it now looks as if natural gas is going to continue to sell off. I think rallies or selling opportunities, as the barrier between the $3.00 level and the $3.10 level above has held. The aftermath of hurricane Harvey in the natural gas markets looks to be over with, and therefore think the longer-term fundamentals will continue as selling is the best way to play this market with the oversupply.
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.
