Natural Gas Price Forecast – Natural Gas Continues to Look Noisy

Natural Gas Technical Analysis

The natural gas markets gap lower to kick off the trading session on Monday, only to turn around and bounce to fill the gap and is now trying to pull back. At this point in time, I do think there is a certain amount of support underneath the natural gas market as we start to head into autumn, which of course is a time where we start to see natural gas used a bit more.

Furthermore, we also have to ask questions about the global demand situation because it produces quite a bit of electricity. And if industry is slowing down, that might actually work against natural gas. Nonetheless, this is a market that has been breaking out for that late end of the year rally and that is something that I’m involved in being ETF, so I don’t have to worry about leverage and that’s something that you really need to take out of the picture of this market if you are trading it due to the extreme amounts of volatility.

If you can only trade CFD markets, then small positions are pretty much what you’ll have to deal with. Short term pullbacks continue to offer support the market looks as if it has a lot of support at the $2.20 level, assuming that we even get that low.

In general, this is a market that I think plenty of people will be looking to jump into and try to take advantage of cheap gas, but eventually we’ll get a shot higher that people will collect profits from, including myself, as we head into the dead of winter, and I will use it as just a little bit of a boost for my portfolio like I do every year.

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