Natural Gas: Market Stabilizes Amidst Noise And Long-Term Outlook

  • Over the past few days, the natural gas markets have somewhat retreated; however, on Friday morning, the market appeared to have slightly stabilized.
  • That being said, I think there is a lot of noise just waiting to happen, and therefore I think you have to look at this as a longer-term market.

 

Natural Gas

As you can see, the natural gas market really ended up being fairly quiet overnight, so we are currently in a somewhat stagnant state. Having said that, I believe we are still in the middle of a significant consolidation pattern, so it is currently challenging to take a very aggressive stance.


More By This Author:

Crude Oil Forecast: Likely to Rally Further
AUD/USD Forecast: The Australian Dollar Is Still Under Pressure To Rise
Pairs In Focus - USD/CAD, GBP/CHF, Bitcoin, Gold, USD/JPY, NASDAQ 100, AUD/USD, WTI Crude Oil
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with