Natural Gas Price Forecast – Natural Gas Markets Rally on Thursday

Natural Gas Technical Analysis

The natural gas markets have rallied a bit during the trading session on Thursday as we are now back above the $7 level, but at this point in time, it’s likely that we could continue to see a little bit of bullish pressure because the 200-Day EMA is sitting just below. Bouncing from the 200-Day EMA makes quite a bit of sense, therefore I think we have a situation where we are going to get a little bit of a relief rally. At this point, I think the 50-Day EMA could make a nice target, nearly $7.76 level.

Underneath, the $6.33 level looks like a nice target, as it is at the bottom of the range. Breaking down below there could open up the possibility of a move to the $6.00 level, and beyond. The natural gas market certainly looks a bit anemic, and it is worth noting that the latest highs have not been as aggressive as the previous ones. I do think that is probably only a matter of time before the rally gets faded, but at this point in time, it is going to continue to be a very volatile and crazy market. That’s nothing new for natural gas, so by all means make sure that your position sizing is reasonable.

As for myself, I tend to favor the options market, but even that gets expensive with this type of volatility, as premiums become rather elevated. Either way, this is a market that I think probably bounces over the next couple of days before starting to sell off again sometime a few days down the road.

Natural Gas Price Forecast Video for 07.10.22

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