Natural Gas Price Forecast – Natural Gas Markets Get Pummeled

Natural Gas Technical Analysis

Natural gas markets have fallen rather rapidly during the trading session on Thursday to almost wipe out the entire move from the previous session. The $9.00 level is a large, round, psychologically significant figure, and where I said we would probably go to yesterday had we broken out, which of course we did. Now that we have touched that area, it looks like we are going to go searching in the other direction. This is what this market does, and I shudder to think how many emails I have received over the last 6 months about retail traders getting stuck on the wrong side of the market.

Natural gas continues to be very difficult, and I don’t think that’s going to change anytime soon. After all, we have concerns about supply, but we also have a lot of concerns about demand. We are literally going to see this market jump around even more radically going forward. After all, the Ukrainians have now signed a deal with the United States to get natural gas, so the question is where do we go from here? In a bit of irony, Ukraine will have to watch empty natural gas supply lines in its country.

The 50-Day EMA sits just below and could cause a little bit of support, but at this point in time, I think it’s more interesting closer to the $8.00 level. Ultimately, if we break through there, then it’s likely that natural gas could drop all the way down to the $7.00 level in a return to the analysis from yesterday.

Natural Gas Price Forecast Video for 16.09.22

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