Natural gas markets fell again the previous week as the bear market shows no real signs of slowing down. The supply is simply too much for any conceivable
Natural gas markets fell again the previous week as the bear market shows no real signs of slowing down. The supply is simply too much for any conceivable demand, and the rallies have only been chances to sell. The market has been acerbating over the last couple of months to the downside, and there is no real reason to think that will change. However, the Friday close showed a possible bounce coming in the form of a hammer, but at this point in time – we see this as a chance to sell it after a day or two long bounce.
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.
