Yahoo Finance Natural Gas Price Forecast – natural gas markets continue to defy gravity
Natural gas markets continue to see a lot of bullish pressure, and I think at this point it’s likely that we will see an eventual turnaround, but quite frankly this has been a very difficult market to short. That being said, I also think it’s a very difficult market to buy as we simply haven’t offered as value. The fact that we gave back as much as we did tells me that this market is simply moving counter to the WTI Crude Oil market, which has all but collapsed. As we rallied in that market, this market gave back some of its gains. We are certainly out of balance at this point, and the higher we go the more likely we are to see a massive drop, as if $0.40 during the same session isn’t.
NATGAS Video 15.11.18
I think the four dollars level underneath will be of significant interest, and I would anticipate a move back down to that level if you have the ability to trade CFD markets, because then you can keep your position size small enough so that it doesn’t hurt you. For futures markets, it’s going to be difficult to trade this market because of the volatility, unless of course you have a sizable account. Underneath the four dollars level, I think we probably go down to the $3.75 level, perhaps even the $3.50 level. Regardless, I would anticipate a lot of fireworks.
This article was originally posted on FX Empire
