Natural Gas (NG) Forecast, Page 1

Natural gas markets gapped higher to kick off the week on Monday, reaching towards the $4.75 level before rolling over. I believe that the $5.00 level above continues to be a major resistance, and I think the market will struggle to break above there. We have gotten far too overextended,

Many investors were stunned by the recent slump in oil prices. The price of this very important commodity dropped more than 25 percent over a couple of weeks and declined from 76 USD a barrel to 56 USD a barrel. At this point, oil finally found some buyers and we

GoldThe gold prices bounced higher during the Friday’s trade session, reaching towards the $1220 level. The market has broken above the 50 Day EMA which a good sign but the $1250 level above continues to offer strong resistance. The $1200 level underneath, continues to offer strong support and if it

Natural Gas futures gapped higher on the opening early Monday. An early session surge, however, fell well-short of last week’s high at $4.964. Prices have since been driven back below the opening and are currently in a position to fill the early gap at $4.538 to $4.412. The early session

Natural gas futures finished higher last week after posting a pair of the most volatile consecutive daily price swings in its history. Buyers stepped in at the end of the week after a double-digit price surge on Wednesday and a double-digit plunge on Thursday.To recap this week’s events, the market

Natural gas prices whipsawed testing support and then surging higher to close up more than 7% on the session.  This weeks roller-coaster ride was rumored to have been driven by a short-squeeze which forced traders that were short natural gas and long oil to dump their positions.  The lower than

Natural gas markets exploded to the upside and towards the $5.00 level. However, we gave back quite a bit of the gains to show signs of overextension. Ultimately, this is a market that has got ahead of itself so I think that you can start to fade this rally. This

Natural gas markets gapped lower to kick off the trading session on Friday, and we did of course rally rather significantly. However, this is a market that has gotten a bit ahead of itself, and I think what we are seeing now is a situation where the market is of

Natural gas is trading nearly flat early Friday after yesterday’s blood bath completely reversed the previous day’s spike to a multi-year high. The inability to follow-though to the downside suggests the market may have found value. The tight range suggest that both buyers and sellers may have learned valuable lessons

GoldThe gold prices have slightly rallied higher during the Thursday’s session as the $1200 level underneath offering strong support to the market. The market for quite a some is consolidating between the $1400 to $1200 range, and if it breaks down below the $1175 level, then it could probably reach

The natural gas markets have gapped lower to kick off the Thursday session, rallied slightly, and then fell drastically. This is a market that has just had a major blow off top, and I think we are going lower from here. I recognize that there are areas of support underneath,

GoldThe gold market went back and forth during the Wednesday’s session, using the support at $1200 level. If the market breaks below the $1200 level, it will be negative and could reach down towards the $1175, before bouncing higher. The strength in the USD will keep the market under pressure

Natural gas futures are trading lower early Thursday after failing to follow-through to the upside following yesterday’s spectacular 15.33% rally. Although the rally was impressive, it is suspect. The fundamentals at this time do not support a rally of this nature, which likely means the hedge funds were caught on

Natural gas prices surged higher on Wednesday as it was clear there was substantial short covering pushing prices higher. Volatility in the natural gas market also surged higher.  Rumors are that there were several hedge funds who where short natural gas versus long oil and where squeezed out of their

Natural gas markets continue to see a lot of bullish pressure, and I think at this point it’s likely that we will see an eventual turnaround, but quite frankly this has been a very difficult market to short. That being said, I also think it’s a very difficult market to

Natural gas futures hit a new high for the week early in the session before turning slightly lower. Today’s rally to $4.164 represented the highest price level since December 2014. Traders are watching the price action very carefully because the $4.000 level has proved to be important resistance in the

Natural gas prices surged higher closing up 7%, blowing through the $4.0 handle. Colder than normal weather is expected to cover most of the United States for the next 6-10 days but then ease and turn warmer during the latter part of November. Inventories remain well below the 5-year average

Natural gas markets have defied gravity for some time and have gapped higher again during the trading session on Tuesday. By breaking above the $4.00 level, the market turned around of form a shooting star. The shooting star of course shows signs of exhaustion and signifies that perhaps we are

Natural gas prices continue to add to recent gains early Tuesday on the back of volatile weather forecasts that can’t seem to pinpoint when the current cold weather snap will end. Professionals and speculators are also probing the upside in an effort to find a value area that could help

The natural gas markets rallied a bit during the trading session on Monday, reaching towards the $3.90 level, which of course is an area that is surprising to see this quickly. Overall, the natural gas markets are bullish due to the seasonality, but beyond that it appears that there is