Natural gas Thursday Forecast

Thursday Forecast

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3.010, which will be followed by reaching resistance level 3.145 and if it keeps on moving up above that level and 3.200, we may expect the market to reach resistance level 3.390.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3.010, which will be followed by moving down to support level 2.920 and 2.810.

Chart Natural gas This/Next Week Forecast, Technical Analysis

This/Next Week Forecast (November  9 – 13, 2020)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3.000, which will be followed by moving up to resistance level 3.200 and if it keeps on moving up above that level, we may expect the market to reach resistance level 3.420.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3.000, which will be followed by reaching support level 2.700 and if it keeps on moving down below that level, we may expect the market to reach support level 2.445.

Chart Natural gas This/Next Week Forecast, Technical Analysis

previous week natural gas forecast chart
Chart Natural gas This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand shows fair price on the level 2.7.

Natural Gas Fundamental Analysis, Ending Stocks, Inventory Chart

Monthly Forecast

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3.420, which will be followed by moving up to resistance level 3.730.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3.200, which will be followed by reaching support level 2.700 and if it keeps on moving down below that level, we may expect the market to reach support level 2.160.

Chart Natural gas Forecast 2020, Long-term Outlook, Technical Analysis

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