Natural gas Weekly Forecast, August 31 – September 4

Natural Gas Price Forecast For This/Next Week
(August 31 – September 4, 2020)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 2.7, which will be followed by reaching resistance level 3.2.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 2.52, which will be followed by moving down to support level 2.160.

Chart Natural gas This/Next Week Forecast, Technical Analysis
chart: natural gas market outlook, technical analysis

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

Natural Gas Price Prediction

According to fundamental analysis difference between supply and demand shows that market has reached fair price at the level $2.7 and now further price fluctuation will be determining by technical analysis.
Natural Gas Fundamental Analysis, Ending Stocks, Inventory Chart
chart: natural gas storage, inventory 5 years average with this year, 2020

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.

Natural Gas market Weekly Weather Forecast

New-York, September 2020
Natural Gas market Weekly Weather Forecast

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 Forecast 2020, Long-term Outlook, Technical Analysis
chart: natural gas technical analysis, market outlook

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