Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
Christopher Lewis
Gas natural

Natural gas markets have gapped lower to kick off the week, only to turn around and shoot straight up in the air. Ultimately, the market has broken above the $3.00 level, which of course is a large, round, psychologically significant figure. This shows that we are going to continue to go much higher, and it is also worth noting that we are closing towards the top of the candlestick. At this point, pullback should continue to be buying opportunities, as we have clearly entered in the high demand season. This happens every year, and it is only a matter of time before we spike in the eight interim, only to sell off drastically once we start focusing on spring contracts.

NATGAS Video 26.10.20

The size of the candlestick is rather impressive, and it certainly shows that dips will be bought into, as demand is only going to get stronger. After all, the candlestick is the biggest one we had in well over year, and it is likely that we will go towards the $3.50 level. However, you cannot simply jump into it and start putting tons of money at risk but drilling down to shorter time frames and taken advantage of value as it is offered is most certainly going to be the best way forward.

Know where Natural Gas is headed? Take advantage now with 

75% of retail CFD investors lose money

The $3.50 level course is the initial target, but it is also possible that we go looking towards the $4.00 level as it has previously been important. Overall, I have no interest in shorting this market as we will continue to see demand pick up and by extension price.

For a look at all of today’s economic events, check out our economic calendar.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.