Natural gas markets rose during the Tuesday session, and on high volume. With this in mind, it stands to reason that we are about to see a bit of a bounce
Natural gas markets rose during the Tuesday session, and on high volume. With this in mind, it stands to reason that we are about to see a bit of a bounce from the $3.75 support level. The market seems to have massive support at this area, but any move up will almost certainly be a selling opportunity as the trend is so bearish. With the supply being so large in this commodity, it is very difficult to get bullish for any particular reason. We are looking for a bounce to roughly $4, and then weakness to sell.
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.
