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.
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.
