Weekly Natural Gas Price Prediction – Natural Gas Markets Have Another Poor Week
Although we are now well below the $2.50 barrier, the natural gas markets continue to be plagued by a lot of negativity.
Although we are now well below the $2.50 barrier, the natural gas markets continue to be plagued by a lot of negativity.
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.
We continue to observe a great deal of erratic behavior on the natural gas markets throughout Thursday’s trading day.
As we continue to seek direction, the natural gas markets fluctuated throughout Monday’s trading day.
During the week, natural gas markets attempted to rally, but ended up producing a gigantic, inverted hammer at the bottom of a massive move preceding it.
Tuesday’s trading session witnessed a little natural gas market rally, as we were somewhat oversold to the negative.
The natural gas markets have declined again during Thursday’s trading session, a stunning turn of events.
Generally warm temperatures in September and October have drastically impacted the winter supply scenario.
The natural gas market has stabilized somewhat during the trade week, as we are hovering near the 50-Week Exponential Moving Average.
The natural gas market has exhibited indications of life over the past few days, hovering around $7.80. This is an area where we’ve already seen support, so I suppose it’s not surprising.