Natural Gas Price Forecast – Natural Gas Markets Have an Extraordinarily Volatile Day

Natural Gas Technical Analysis

Natural gas markets have gone back and forth during the course of the trading session on Friday as we continue to see a lot of noisy behavior. That being said, the market is still very bullish, despite the fact that we have slumped over the last couple of sessions. The $8.00 level should continue to be an area of interest and short-term support.

If we were to break down below the $8.00 level, it’s likely that the market will go looking to reach the 50 Day EMA. On the upside, if we were to break above the top of the candlestick for the trading session on Friday, then it’s likely that we are looking to reach the $9.00 level. If we were to break above there, then it’s likely that the “tweezer top” gets threatened.

I think the only thing that you can count on is a lot of volatility, which is something typical for this market. That being said, it does seem as if short-term pullbacks will more likely than not offer value the people will try to take advantage of. If we do break down below the 50 Day EMA, it could be the beginning of something a little bigger, but right now it does not look to be the case. Breaking down below the $7.00 level could change the overall trend, but right now we are quite away from making that happen. Alternately, if we were to break above the tweezer top above, then it’s possible that natural gas may go looking to reach the $10.00 level. Keep your position size reasonable.

Natural Gas Price Forecast Video 06.06.22

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