Natural gas markets broke through a major support level to kick off the week, gapping below the vital $2.75 level. At this point, the market is certainly broken. Natural gas markets gapped lower to kick off the trading session on Monday, but then turned around to reach towards the $2.75 level. We found resistance there, and then fell again. At this point, it looks as if the market is oversold but quite frankly you can’t be a buyer of natural gas at these low levels, as we have broken through the major support. That being said, the $2.50 level underneath is massive support as well, so I think that’s probably where we find buyers again. This is a market that will continue to see sellers but obviously we have gotten so oversold that it’s only a matter of time before buyers will come back in,
Natural Gas Markets Claw Back Some Gains For Friday Natural gas markets rallied a bit during the day on Friday, after initially gapping lower. However, this is a market that continues to be overextended, and I think at this point we will probably struggle to reach the highs again. Natural gas markets gapped lower to kick off the trading session on Friday, and we did of course rally rather significantly. However, this is a market that has gotten a bit ahead of itself, and I think what we are seeing now is a situation where the market is of course seasonably bullish, but also we have seen a massive burn of inventory. However, the longer-term outlook for natural gas remains bearish, because quite frankly we have more of it in the United States that we know what to do with. Because of this, I
Natural gas markets have recently gapped higher but is starting to show cracks in the ice again, as we have gotten far ahead of ourselves. As previously mentioned, I think there could be a selling opportunity near the $3.75 level. We have fallen from there. Natural gas markets spiked early on Tuesday, reaching towards the $3.75 level before falling from there. We have reached to the $3.50 level, and it now looks as if we are ready to fall and try to fill the gap. At this point, it looks likely to continue to fall from here, as we have certainly got ahead of ourselves due to the short-term cold snap. Ultimately, this is a market that I think will continue to sell off as there is far too much in the way of supply out there to have demand chew through. Looking at the candle stick for the trad
Natural gas markets gapped higher to kick off the week, slicing through the $3.50 level in early trading. This is an extraordinarily bullish sign, but at this point I think if you are patient enough there is an even better opportunity awaiting you. Natural gas markets gapped higher to kick off the week, breaking above the $3.50 level in early trading. At this point, I think there is plenty of resistance above, and I am simply waiting for some type of exhaustive candle in order to start shorting again. I believe the $3.75 level above is also resistance, and most certainly the $4.00 level will be as it is a large, round, psychologically significant figure. Overall, I believe that the natural gas markets will continue to rollover, as we head towards Spring contracts in the **res markets. Howe