Natural gas price forecast – The natural gas markets continue to test Stratosphere

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Natural gas markets has initially tried to gather during the session on Wednesday but has also withdrawn a bit to show signs of doubt. With that said, the market is likely to continue to see the $ 6.50 level over and offer a bit of a barrier, but if we were to break above that level, then it would be obvious that the market was ready to tear higher. If this is the case, then we would more than likely see the natural gas markets move towards the $ 6.75 level, possibly even the $ 7.00 level after that.

NATGAS Video 28.10.21

The 50-day EMA during should offer plenty of support, sitting at $ 5.14. In the end, I think there are lots of buyers waiting to enter this market regardless of the dip, as the demand for natural gas will almost certainly continue to climb during the winter. When this is the case, it is not until we break below the $ 5.00 level that I would be concerned about the overall trend, something that we are miles away from happening. With this being the case, the market is likely to continue to see a lot of volatility, but at this point it is obvious that this is a bullish market and to sell as just an exercise in meaninglessness. The market will most likely continue to show signs of strength, as we currently do not have enough supply for several parts of the world. In the future, natural gas will probably go much higher, but one day when everything has settled down, we will see the mother of all core melts.

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