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Natural Gas Price Forecast September 7, 2017, Technical Analysis
Updated: Sep 7, 2017, 04:12 GMT+00:00
Natural gas markets shot higher during the day on Wednesday, as there are a lot of concerns about hurricane Irma. However, I think that the market sees
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Natural gas markets shot higher during the day on Wednesday, as there are a lot of concerns about hurricane Irma. However, I think that the market sees quite a bit of resistance above, and I think it’s only a matter of time before we break back below the $3 level. Once we do, the sellers will more than likely come back into the market and start pushing lower. The barrier between $3 and $3.10 continues to be massively resistive, and I think that the sellers will return sooner rather than later.
NATGAS Video 07.9.17
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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