Natural gas price forecast – natural gas markets are striking back

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<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "The natural gas markets initially gave way During Friday's trading session, we continue the general downtrend. However, we turned to show signs of life again and it is very likely that the market will be a little overwhelmed. Ultimately, if we shaped the candlestick he had, we could see a small jump, but I would treat that as a short-term trade. We are currently at an extremely low level, so that makes perfect sense. The $ 2.00 level below is likely to be a massive "bottom" of the market. "Data-reactid =" 11 "> The natural gas markets initially gave way during the Friday trading session as we continue the general downward trend, but we have turned around again showing signs of life and it is very likely that the market will be a little overstretched Ultimately, we could see a bit of ricocheting through the formation of the candlestick he has, but I would treat that as a short pause, we are currently at an extremely low level, which makes sense, the level of below $ 2.00 is likely to be a massive “bottom” on the market.

NATGAS video 06.01.20

However, this was supported by a natural gas storage facility of -58 billion compared to the expected -60 billion. With that in mind, it is likely that we will bring this market back to the $ 2.20 level and maybe even try to overtake it. If so, you can switch to $ 2.30 level. That being said, I would try to shorten all rallies that show signs of exhaustion as the warmer than expected temperatures in the bottom 48 continue to be a major problem in the United States. If we were to somehow fall below the $ 2.00 mark, it would be catastrophic for the natural gas markets because it is such a large, round and psychologically significant number that a breakdown under that mark would of course trigger a chain reaction. It's also a big barrier to options, so it should be watched. Natural gas has had a terrible winter and it looks like this will not change, although a rebound is imminent.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This items was originally published on FX Empire "data-reactid =" 15 "> This article was originally published on FX Empire

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