Natural gas price forecast – Natural gas weaker ahead of launch week –

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Natural gas price forecast – Natural gas weaker ahead of launch week – fr


Natural gas markets moved lower to show signs of weakness on Monday as we hit the $ 2.90 level. This is an area where we can probably see some support, but if we fall below it is likely that the 50 day EMA will be challenged, then of course we are going to look down the gap. below that does not have to be filled. After all, it’s a market that I think continues to see a lot of noisy behavior, but we are looking at the market trying to price and the fact that temperatures are going to rise in the northern hemisphere, which, of course, will lead decreased demand for natural gas for heating. With that in mind, I think it’s only a matter of time before we collapse in any meaningful way.

NATGAS video 25.05.21

Below, when you look at the entire market, you can see that there is even more support near the $ 2.45 level. It’s an area that has been favorable more than once, so I think it’s only a matter of time before we find buyers in this area. If we can break down below then we could look to the $ 2.00 level, an area that will be psychologically important to say the least, so in this case I think what we’re looking at is a scenario where the sell will continue until we get to the end of summer, when temperatures will start to drop again and demand will resume with sufficient time.

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