Natural gas Weekly Forecast, September 28 – October 2

This/Next Week Forecast
(September 28 – October 2, 2020)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 2.085, which will be followed by reaching resistance level 2.480 and 2.700.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 2.085, which will be followed by moving down to support level 1.910 – 1.700.

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 showing fair price on the level 2.7.

Natural Gas Fundamental Analysis, Ending Stocks, Inventory Chart

Long-Term Forecast
(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

share article

Share on facebook
Share on twitter
Share on linkedin

follow updates

free subscription to forecasts