Forecasts

Natural Gas Technical Report for January 12, 2017

4 months agoByDavid Becker

Natural gas prices whipsawed but was unable to recapture resistance near the 200-day moving average at 3.255.  Prices surged up to the January highs near 3.35, but failed to hold on to gains.  Support is seen near the January lows at 3.12 per mmbtu. Warmer than normal weather is forecast to cover most of the United States over the next 8-14 days which should reduce natural gas demand and generate headwinds for prices. Traders await Thursday inventory report scheduled to be released by the Department of Energy.

Momentum remains negative as the MACD (moving average convergence divergence) index is printing in the red with a downward sloping trajectory which points to lower prices.

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Natural Gas Monthly Forecast – May 2017

Natural gas prices were pretty much stable for the whole of the month as there was not any specific fundamental push in any direction for the bulls or the bears to feed on and push the price in a specific direction. We had mentioned the same in our forecast for last month as we could … Continue reading Natural Gas Monthly Forecast – May 2017

Natural gas weekly chart, May 01, 2017
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Natural Gas forecast for the week of May 1, 2017, Technical Analysis

The natural gas markets initially fell but found enough support near the $3 level to turn things around and break much higher. On top of that, we broke above the $3.25 level, which is a psychological barrier. However, longer-term traders will have to be aware of the $3.33 level, and a break above there is … Continue reading Natural Gas forecast for the week of May 1, 2017, Technical Analysis

Natural gas daily chart, May 01, 2017
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Natural Gas Forecast may first, 2017, Technical Analysis

Natural gas markets rallied on Friday, breaking above the top of the hammer from Thursday and clearing the important $3.25 level. I believe that the market is going to continue to go higher from here, reaching towards the $3.33 level above. Once we break above there, the market should be free to go to the … Continue reading Natural Gas Forecast may first, 2017, Technical Analysis

Natural Gas Weekly

Natural Gas Fundamental Analysis, Week of May 1, 2017

Optimistic investors drove natural gas prices to a three-week high last week amid concerns of a tighter balance between supply and demand heading into the summer demand season. June natural gas futures finished the week at $3.276, up $0.084 or +2.63%, its highest close since April 6. It was also the highest weekly close in … Continue reading Natural Gas Fundamental Analysis, Week of May 1, 2017

Natural Gas Technical Report for May 1, 2017

Natural gas prices moved higher on Friday, as colder than normal weather is expected to cover most of the east coast over the next 8-14 days according to the most recent forecast from NOAA.  Colder weather during the spring adds additional heating demand which could help buoy natural gas.  Thursday’s slightly larger than expected build … Continue reading Natural Gas Technical Report for May 1, 2017

Natural Gas Fundamental Analysis, April 28, 2017

Natural gas prices retreated on Thursday after the previous day’s strong surge failed to attract new buyers. As mentioned yesterday, the rally on Wednesday was likely related to the expiration of the May futures contract and probably did not represent true buying. June Natural Gas futures finished the session at 3.239, down $0.032 or -0.98%. … Continue reading Natural Gas Fundamental Analysis, April 28, 2017

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