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

Natural gas markets went back and forth during the trading session on Thursday, as we have a massive amount of support underneath at the $2.40 level. Ultimately, this is a market that I think will continue to see a lot of volatility, but I think more importantly has a lot more in the way of upward pressure. We are starting to trade colder months, and that means more demand. Furthermore, the US dollar has been on its back foot for a while so that also helps commodities in general.

Know where Natural Gas is headed? Take advantage now with 

75% of retail CFD investors lose money

If that is going to continue to be the case, then it is likely that the overall proclivity of the market still will be to the upside, so therefore I like the idea of buying dips, especially near the $2.40 level, but even if we break down below there I think the 50 day EMA at the $2.20 level offers a lot of potential support as well.

NATGAS Video 04.09.20

Looking at this chart, I think it is only a matter of time before we get an opportunity to go long, and I believe that we are going to go looking towards the $2.80 level. This has been a long time coming, as we have formed a major rounding bottom on longer-term charts. With that being said, I like the idea of simply waiting for a little bit of value and taking advantage of it. I think that the next couple of months we will probably continue to see natural gas grind its way much higher. The selling of natural gas is not much of a thought for me right now.

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.