Natural Gas Price Prediction – Natural Gas Markets Recoup Earlier Losses

Monday’s trading day began with a decline in natural gas prices, but the markets soon showed signs of life again. By doing so, the market appears to be attempting to achieve the above-mentioned key moving averages.

Monday’s trading session witnessed a slight decline in natural gas prices, which was followed by a resurgence in activity. Ultimately, this market appears to be attempting to return to the 50-day and 200-day exponential moving averages (EMAs). Given this, I believe we have a bit more upward momentum, but I don’t necessarily expect natural gas markets to blast off to the upside just yet, especially because we’ve seen so much resistance near $7.00.

In addition, the Freeport LNG terminal continues to preclude the prospect of supplying the European Union with sufficient gas to substantially increase prices. If we break below the $6.00 level, it is possible that we will return to the $5.50 level, followed by the psychologically critical $5.00 level.

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I would anticipate a lot of erratic behavior, but ultimately, this is rather typical for natural gas. The natural gas markets tend to react to the most recent weather report, and it should be noted that the northeastern United States has seen extreme cold over the past few days. However, this is extremely likely to change in the near future, thus I expect we will remain rather range bound for the foreseeable future.

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