Natural Gas Price Forecast – Natural Gas Markets Continue to Collapse

Natural Gas Price Forecast Video for 04.01.23

Natural Gas Technical Analysis

Natural gas markets have fallen yet again during the trading session on Tuesday and reached down towards the $4.00 level. At this point, the market is likely to continue to go lower, but it’s got to be only a matter of time before we see some type of massive bounce. After all, markets cannot go in one direction forever, but I think any rally that happens will more likely than not be a nice selling opportunity.

On a bounce, I would expect the $5.00 level to offer resistance, and at the first signs of exhaustion, I would not hesitate to short this market. At this point, it looks like the natural gas markets are heading back toward their historical norms, meaning that we are going to go sub-$4.00 eventually. Even if we were to break above the $5.00 level, I think it’s obvious that the natural gas markets are negative, and we need to keep that in mind.

The size of the candlestick is very negative, so it shows that there is real fear out there. Furthermore, the market is starting to see more volume that it looks as if we are ready to really jump on this market again. Ultimately, I think that markets like this are runaway markets, therefore it’s difficult to jump in and start shorting, because chasing the trade is a great way to lose money. If you’re not short already of the natural gas market, then you are waiting for some type of exhaustion after a rally to take advantage of.

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