Natural Gas Price Forecast – Natural Gas Markets Fall Hard

Natural Gas Price Forecast Video for 29.11.22

Natural Gas Technical Analysis

Natural gas markets have fallen hard to kick off the trading session on Monday, as milder temperatures in the United States are causing a bit of an issue. Furthermore, the market may have gotten way ahead of itself so it does make a certain amount of sense that we would have to have a correction. At this point, I anticipate that the 50-Day EMA just below could cause some support, right along with the 200-Day EMA. If that were to be the case, then a bounce could be forthcoming. Keep in mind that natural gas markets remain very volatile overall, as the situation in Europe becomes direr.

Ultimately, the volatility is probably going to get worse, not better. After all, the natural gas demand in Europe is going to be plenty strong, but they have major problems when it comes to supply, and of course, the entire situation only gets worse with Qatar signing a 27-year agreement with China. Another factor is going to be that the economy is slowing down, so that may bring down a bit of industrial demand, so as you can see, there are plenty of things throwing this market around at the same time, suggesting that choppy behavior is going to continue to be an issue.

Keep your position size reasonable regardless of what you do but it does look like this pullback will probably find buyers, and it’s possible that we could go looking to the shooting star above, which is essentially the $8.00 level. If we break above that, then we could get to the top of the overall range. On the other hand, if we break down below the 200-Day EMA, it’s possible that we could go looking to reach the $6.00 level in general.

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