Natural Gas Price Forecast For This/Next Week
(August 17 – 21, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 2.160, which will be followed by reaching resistance level 2.700.
Downtrend scenario
An downtrend will start as soon, as the pair drops below support level 2.160, which will be followed by moving down to support level 1.880 and if it keeps on moving down below that level, we may expect the market to reach support level 1.640.
chart: natural gas market outlook, technical analysis
previous week natural gas forecast chart
Natural Gas Weather Forecast For This Week
This week weather can be colder then average, that decrease summer gas consumption and create downtrend price pressure.
New-York, August 2020
Natural Gas Price Forecast 2020, Long-Term
(Quarter III: July – September, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 2.160, which will be followed by reaching resistance level 2.700.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 2.160, which will be followed by moving down to support level 1.640.
chart: natural gas technical analysis, market outlook
Natural Gas Price Prediction
According to Fundamental Analysis difference between supply and demand shows oversold market and the fair price at the level $2,7.
chart: natural gas storage, inventory 5 years average with this year, 2020
