Natural Gas Weekly Price Outlook – Natural Gas Has a Bad Week

Natural Gas Weekly Technical Analysis

The natural gas market continues to be very noisy, and it is interesting to see just how we are starting to turn things around pretty quickly. That does make a certain amount of sense though, considering that we are rolling over into spring and that means less demand for natural gas.

So, with that being the case, I think you have to look for short-term rallies as selling opportunities, but you also have to recognize the fact that it’s very likely that there will be an occasional jump here and there mainly due to the fact that the temperatures do fluctuate pretty wildly this time of year. And of course, we have to keep in mind that the demand for natural gas for heating over the course of winter was rather drastic and that means that they need to refill the tank.

So at the moment, it isn’t quite as negative as it typically is but we are starting to finally roll over. So, with that being the case, I think you have to look at this as a market that’s likely to go looking to the $3.50 level and then possibly break through the uptrend line that had been so important going all the way back to August. I have no interest in buying natural gas at this point, as I just think it’s the wrong time of year to see a lot of bullish movement in this commodity.

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