The natural gas markets exploded to the upside on Friday as traders took a positive tone into the weekend. In reality, the $3.75 has been very supportive,
The natural gas markets exploded to the upside on Friday as traders took a positive tone into the weekend. In reality, the $3.75 has been very supportive, so a bounce in this area isn’t a complete surprise. Also, we must keep in mind that the $4 level is just above, and should be massively resistive. The market looks like it will perhaps pop a little bit more, but with the massive downtrend we feel that this will only provide another selling opportunity. We sell rallies on signs of weakness, and never buy this market.
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.
