Natural Gas Price Forecast – Natural Gas Markets Look Set for a Rebound


Natural Gas Technical Analysis

Natural gas markets showed some resilience during Tuesday’s trading session as we continue to hold around the $7.75 level. This is an area that has been important on several occasions, so it makes sense that we see a bit of a rebound in this general vicinity. I think we’re more likely than not to see a lot of loud behavior, but I think it’s probably only a matter of time before sellers come back into the market.

That being said, natural gas markets have been a real volatile disaster all year, so I don’t know why things will change now. We’ve formed a head and shoulders, and it looks like the market is trying to crash. If we break below the low of the hammer from the previous session, that would be a very negative side, possibly natural gas down to the $7 level. Rallies at this point will likely struggle with the 50-day EMA, and most certainly the $9.00 level.

The 200-day EMA sits at the $6.82 level and is rising. I think that’s an area where we’ll eventually find buyers as well, but it’s probably going to take quite a bit of effort to get there. Ultimately I think it’s a situation where we have no real reason to think the market is going to go one direction just yet, but I think there will be a bit for everyone. here.

Natural Gas Price Prediction Video for 9/21/22

For an overview of all of today’s economic events, check out our economic calendar.


Comments are closed.