Natural Gas Price Forecast – Natural Gas Continues to Look at $2

Natural Gas Technical Analysis

The natural gas market has been bouncing around the $2 level during the early hours on Monday in the spot market, as we continue to see a lot of noise in general. I think this is a market that is trying to find its floor, but I also recognize that we have to keep in mind that natural gas is not exactly a strong market this time of year, and therefore you have to keep your expectations somewhat in check. This is an area that I would be interested in investing in, and I did in fact buy some ETF positions.

Or I should say I put an order in for this morning and therefore I may get a little bit more exposure. However, this is a very tiny and new part of my portfolio, and I recognize that this is a market that will rally pretty significantly later this summer as cooler temperatures start to come into focus in fall, and most certainly in winter.

So, with that, I am bullish. But I also realize that this is an investment, not a short term trade. If we can break above the $2.10 level, then we may see a little bit of momentum coming into the market, perhaps reaching the $2.25 a level. On the other hand, if we break down below the $2 level, then I’ll just wait, and we’ll see the next bounce I’ll add a little bit more to my ETF position.

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