Natural Gas Price Prediction – Natural Gas Markets Continue to Strive for a Rebound

Tuesday’s trading session witnessed a little natural gas market rally, as we were somewhat oversold to the negative.

During Tuesday’s trading session, natural gas prices rose slightly as the market continues to recover from an extremely oversold state. By doing so, we have hit the $6 level, but it appears that we will pull back and continue to experience weakness. I am uncertain as to whether I would short here, as I would prefer a better opportunity at a higher level.

Keep in mind that natural gas prices are falling because of the global economic slowdown, which has a significant negative impact on this sector. The 200-Day Exponential Moving Average is extremely elevated at $6.76 and falling. That could be your “limit,” but you should also be aware that there is so much gas in America’s pipelines and regions that it sells for $0.20 per gallon! Obviously, these are extremely minor markets and wholesale markets, but ultimately, they reveal how much natural gas has been backed up throughout the system.

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I believe that we will eventually reach $5.00, albeit it may take a while. In light of this, rallies that exhibit indications of weariness are ideal shorting opportunities, despite the fact that colder weather is on the horizon. The 50-Day EMA is falling sharply, and it appears to be attempting to create the “death cross” when it falls below the 200-Day EMA. Obviously, this is a longer-term very signal.

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