By CommoditiesMansion.com
Wednesday’s action in the Nat Gas market was very range bound, mainly travelling between $4.05 and $3.80 BTU. Because of this, we find ourselves heading toward the close gaining just 1 cent at the end of the day.
With the two recent bars being printed in opposing directions, this wasn’t much of a surprise. Because of this, we have found two very obvious marks on the chart as mentioned above. In the short-term, this market looks neutral at best. If you can day trade, the two levels mentioned above should serve you well as top and bottom. However, a break of wither would send this commodity in a new move.
