Natural Gas Price Prediction – Natural Gas Markets are Calm to Begin the Week

As we continue to seek direction, the natural gas markets fluctuated throughout Monday’s trading day.

The natural gas markets fluctuated throughout Monday’s trading day as we attempted to determine our next move. The $6.00 level should continue to be significant, if only from a psychological aspect. In the end, the $5.00 level below that is even more crucial, so keep that in mind. Because of this, it is highly possible that the market will continue to experience volatility as we decide whether or not the market will collapse or whether it will continue to rise.

The 50-Day EMA is positioned slightly above the 200-Day EMA on the chart, and it is quite possible that it will go below the 200-Day EMA, initiating the “death cross” that many investors are closely monitoring. However, although being extremely negative, it tends to lag the market, so it would not be surprising if the market ignored it.

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

On the other hand, if the market were to break above these moving averages, it’s feasible that we might see a bit of a push towards the $7.00 level, and then breaching above that area may unleash even more purchasing pressure, perhaps reaching the top of the markedly large consolidation area. I do not necessarily expect this to occur, but I know that it very well could. In the previous several days, colder weather in the United States have increased costs, but the Freeport LNG terminal remains ineffective.

Leave a Comment