This/Next Week Forecast
(September 21 – 25, 2020)
An uptrend will start as soon, as the market rises above resistance level 2.160, which will be followed by moving up to resistance level 2.480 and 2.700.
The downtrend may be expected to continue in case the market drops below support level 1.910, which will be followed by reaching support level 1.640.
previous week natural gas forecast chart
Difference between supply and demand shows oversold market and fair price at the level $2.7. Before November demand is temporarily felt, that pushed price down, but after few first cold weeks market will go up back to the target level $2.7.
(Quarter III: July – September, 2020)
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.
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.