Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
Christopher Lewis
Natural Gas

The natural gas markets have been rather choppy as of late, trading in a range while we wait to see whether or not the hurricane disrupts production. At this point, there should still be plenty of upward pressure though, due to the fact that the demand for natural gas will more likely than not pick up as we head into the end of the year. After all, it is winter in the northern hemisphere, and this of course will have people in Europe and North America buying, using, and consuming more natural gas for heating.

NATGAS Video 09.10.20

However, the market has gone back and forth over the last couple of sessions, with the 50 day EMA underneath offering a bit of support near the $2.45 level. To the upside, we have seen the $2.70 level offer resistance this week, but I do think that the overall attitude of the market looks to be much more bullish than bearish. Even if we break down below the $2.40 level, I think at this point there is a certain amount of interest at the $2.30 level, followed by the $2.00 level where the 200 day EMA is sitting. This of course is a very bullish indicator that a lot of longer-term traders will play.

All things being equal, I do think that the market will continue to see a lot of noisy behavior, but with more of an upward tilt going into the new year. Because of this, I have no interest in shorting and I will look at short-term pullbacks as potential buying opportunities. As far as selling is concerned, I probably will not be doing so until January when we start to trade spring contracts.

For a look at all of today’s economic events, check out our economic calendar.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.