The natural gas markets initially went sideways on Thursday, but then broke below the $3 level again. Now that we have gotten the inventory number which
The natural gas markets initially went sideways on Thursday, but then broke below the $3 level again. Now that we have gotten the inventory number which was bigger than anticipated, this should be yet another reason for natural gas to struggle. I believe selling rallies continues to be the way forward, and it’s likely that the markets will continue to find plenty of reasons to fall. Ultimately, much of the bullish pressure has been in anticipation of a larger disruption in the Gulf of Mexico than we have seen. With this, the natural gas markets look very vulnerable.
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.
