Natural Gas Price Forecast – Natural Gas Continues to Look Towards Autumn

Natural Gas Technical Analysis

The natural gas markets have gone back and forth during the course of the early hours on Friday as the market is hanging around the $2.27 level. All things being equal, this is a market that I think given enough time will have to break out to the upside for a much bigger move, but that is for autumn and winter. It’s no other reason. So, I have been investing in this market and the key word here of course is investing as I am buying small bits and pieces in an ETF. That way I don’t have to worry about the volatility in this market. And of course, the leverage being taken out of the situation certainly helps quite drastically.

If we were to break down below the $2.13 level, and at one point it looked like we could during the previous session, we could drop to the $2 level. Regardless, a short-term pullback is a buying opportunity, but I would do so slowly because of the inherent volatility that you find in this market. If we break above the $2.40 level, then we could go looking at the $2.50 as well.

So, all things being equal, this is a market that I think continues to be noisy, but I do favor the upside, and I am investing in small bits and pieces along the way. Because of this, the market is likely to see a lot of noisy moves, but over the long term, I think this is a market that will break hard to the upside.

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