Natural Gas Price Forecast – Natural Gas Markets Continue to Grind Sideways Overall

Natural Gas Price Forecast Video for 15.02.23

Natural Gas Technical Analysis

Natural gas markets rallied just a bit during the trading session on Tuesday, but we are still in the same neighborhood that we have been in for a while, namely the $2.50 level. The $2.50 level is very likely a level that we will continue to see a lot of interest in, but quite frankly at this point I think we are doing everything we can to kill time. Yes, the market has been oversold for a while but we do not have enough momentum to the upside in order to get going. Even if we do rally from here, I think it’s probably going to be a situation where you are looking for signs of exhaustion to start selling, unless of course you are something beyond the swing trader.

The short-term trader may look at this as a nice opportunity for traders to get in a range bound type of system, taking advantage of the fact that the market has no real interest in trying to figure itself out. If we do break down from here, then it’s possible that we could go much lower, but I think given enough time you would still find buyers eventually.

After all, we have collapsed so much over the course of the last several months, that you have to wonder when the bear market rally is going to show up. After all, it could be a very massive one, and therefore I think that’s probably the smart play, waiting for an opportunity to sell after a rally. The natural gas markets are also suggesting that perhaps the global economy is slowing down, so that might be something to pay close attention to as well.

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