Natural Gas (NG) Forecast, Page 1

GoldThe gold prices have pulled back in the Friday’s session, reaching down to the $1280 level which is offering a bit of support. The market will continue to be bullish in the long term as the Federal Reserve is likely to go easy on rate hikes. A break above $1300

Natural gas prices whipsawed rebounding from session lows near support at the 10-day moving average and surging into the close on a colder than normal forecast.  The weather over the next 2-weeks is expected to be much colder than normal throughout most of the mid-west according to the latest forecast

After being burned by predictions of cold weather in December, investors are being cautious at this time, while waiting for confirmation of the bitter cold forecasts. As they gain confidence in the current forecasts, volume and volatility could increase substantially.

Based on Friday’s close at $3.239, the direction of the March Natural Gas futures contract on Monday is likely to be determined by trader reaction to the 50% level at $3.215.

The natural gas markets initially tried to rally during the week, gapping higher on Monday. We even shot towards the $3.40 level before rolling over. In the end, we did of forming a very bearish looking candle.

Natural gas markets fell a bit during the day on Friday, breaking below the 20 day EMA. This is a market that has to fill the gap underneath, and I think that’s exactly what we will see you.

The market is setting up to test a value zone at $3.089 to $3.014. In order to attract buyers on the move, the weather models are going to have to agree on the return of cold weather. Otherwise, we’re likely to see a sideways-to-lower trade over the short-term.

GoldThe gold prices continued to move back and forth during the Thursday’s trade session, as it is struggling to break above from the important $1290 level, which is holding the gold prices. The 20 Day EMA underneath should offer support and will be a nice trading opportunity. A break above

Natural gas prices moved higher on Thursday but traded well off its highs following the inventory report. The price was up early on colder than normal weather which is forecast to cover most of the United States for the next 8-14 days. Inventory levels decline more than expected according to

Natural gas markets rallied a bit during the trading session on Thursday, breaking above the $3.50 level. This of course is a good sign but I think that what we are looking at is a scenario where there is a massive amount of resistance above, and I do think that

GoldThe gold prices were stable during Wednesday’s session, hovering around the $1290 level. The $1300 level is psychologically and massively resistive for the market and a break above will be extremely bullish. The weak sentiment around the USD after the Fed’s announcement of future rate hikes will continue to support

Natural gas prices moved higher on Wednesday ahead of Thursday inventory report from the Energy Information Administration. Expectations are that natural gas inventories will decline by 92 BCF according to Estimize.  This will keep inventories below the 5-year average range for this time of year. Prices are also buoyed by

Natural gas markets gapped lower to kick off the trading session on Wednesday, falling all the way down to the 20 day EMA. However, we bounced rather significantly as the cold snap continues in the United States. That being said, I still believe it is short-lived.

Given the new weather forecasts, the uptrend is not over, but we may see a short-term correction before moving higher. The price action will be determined by whether investors prefer to buy strength, or wait for a pullback into support.

GoldThe gold prices are continuing its move around the $1290 level as it is facing extreme resistance in breaking above the psychologically important $1300 level. If it breaks above the $1300 level, then it can reach towards the $1400 level in the long term, with some selling at every $25 until

Natural gas prices whipsawed consolidating Monday’s gain as colder than normal weather continues to forecast higher heating demand.  The weather over the next 2-weeks is expected to be much colder than normal throughout most of the mid-west according to the latest forecast from the National Oceanic atmospheric Administration.  Supplies of

Natural gas markets have recently gapped higher but is starting to show cracks in the ice again, as we have gotten far ahead of ourselves. As previously mentioned, I think there could be a selling opportunity near the $3.75 level. We have fallen from there.

The current intraday chart pattern indicates that investors will have to decide between buying strength and playing for a breakout over today’s intraday high at $3.373, or wait for a pullback into the support zone at $3.091 to $3.024.

GoldThe gold prices during Monday’s session was bit stable and did not break out above. The market is highly influenced by the Dollar index which is continuing to be extremely choppy. Underneath, the $1280 level is massively supportive which extends down to the $1250 level. A breakout above $1300 level

Natural gas prices surged higher on Monday as colder than normal weather is forecast to cover most of the United States for the next 6-14 days.  The cold weather will increase heading demand from the mid-west to the north east, providing the backdrop for declining inventories. Last weeks inventory draw