Natural Gas Price Forecast – Natural Gas Markets Trying to Stabilize

Natural gas markets have had a relatively quiet trading session on Tuesday, but at this point in time that is exactly what the market needs, some sense of stability. The market is hanging around the $2.70 level, and at this point in time it is likely that the buyers will come back in and try to take this market higher. The 50 day EMA above could be short-term resistance, but at this point in time I think that the market will eventually break above there and continue going towards the $3.05 level.

NATGAS Video 18.11.20

Looking at this market, it is simply a matter of finding stability and perhaps even a supportive candlestick that you can take advantage of. After all, we are in the busy time of year for natural gas distribution, and therefore demand. I think it is only a matter of time before we go looking towards the 3.00$ level again, and I also recognize that there is plenty of support all the way down to at least the $2.40 level where the 200 day EMA is starting to hang out.

The 200 day EMA of course does attract a lot of longer-term attention, and at this point in time with warmer temperatures coming down the road here in the next few days, it could give you an opportunity to pick up “cheap natural gas” for the seasonal trade. After all, it is only a matter of time before cold weather comes back into the picture. Shorting is not a thought that I have right now, and now I am simply looking for a supportive candlestick to take advantage of.

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