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Natural Gas Weekly Price Forecast – Natural Gas Markets Attempt to Stabilize

From fxempire.com

Natural gas markets have gone back and forth during the trading week as we have seen the repercussions of the massive shooting star from the previous week. The market will continue to look at this as being a little overbought, and I think what we are seeing now is the argument as to whether or not the Freeport terminal opening up quicker than originally thought will have an effect on the market. After all, a lot of that was based upon the idea of the United States exporting to the European Union, but that does not seem to be a feasible possibility. The market continues to respect the shooting star, so I think it’s ... (full story)

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  • Category: Technical Analysis