The natural gas markets fell again on Monday as traders continued the bearish momentum that the market has seen over the last several months. The $3.75
The natural gas markets fell again on Monday as traders continued the bearish momentum that the market has seen over the last several months. The $3.75 level still seems to be holding up, but it seems that it is only a matter of time before it gives way. Of course, the winter is coming and it is a traditionally heavy usage time for the resource. However, the supply is so great now; it appears any bounce at this point is simply another invitation to short natural gas. We remain firmly bearish, and aggressively so as long as we stay under $4.
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.
