Natural Gas Price Forecast – Natural Gas Rallies Again

Natural gas markets have gapped higher to kick up the trading session on Monday, and then broke above the 200 day EMA. By breaking above there and reaching towards the $2.60 level, it shows signs of strength, but it also recognizes that there are sellers above. I think that if we can break above the $2.60 level, it’s likely that the market then goes much higher. Pullbacks from this area should show plenty of buying opportunities closer to the $2.35 level.

NATGAS Video 29.10.19

Looking at this chart, it looks as if we are starting to see the bullish run for the wintertime coming, and therefore buying on dips will continue to be looked at as potential opportunities. This market has a gap near the $2.35 level, and that should now be your “floor” in the market. The natural gas markets will continue to see a lot of pressure from the underneath, as the market continues to see more demand coming down the road. The supply will start to get burned off in this timeframe, and it looks as if we will probably go to the house again, perhaps even higher than that. I believe that the $3.00 level makes a logical target for traders are now, and between now and the beginning of January, it’s very likely that we will continue to see buyers. Having said that, somewhere in the middle of January this market collapses again. This is a cyclical tray that works out quite well.

Please let us know what you think in the comments below