Natural Gas Price Prediction – Natural Gas Markets Remain Weak

Tuesday’s natural gas markets have been reasonably calm, but they have not yet demonstrated a tendency to rebound.

The natural gas markets have moved very little during Tuesday’s trading session, and more significantly, I do not see any real tendency for prices to rise at this time. In light of this, it is likely that the market will continue to exhibit a great deal of erratic behavior, resulting in a great deal of data to sift through.

There is a gap slightly above, and these gaps are frequently filled on futures markets. Because of this, I believe it is more probable than not that it will stage a modest comeback, but I also believe that sooner or later we will observe signs of tiredness that we can exploit. This is especially true when the 200-day exponential moving average (EMA) is barely above. In this instance, the issue is just fading rallies.

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If we break below the bottom of the candlestick for Tuesday’s trading session, the probability of a move down to the $5.50 level, from which we rebounded earlier, becomes possible. When this threshold is breached, the floodgates are opened to significantly lower prices. I’m uncertain as to whether or not it occurs immediately, but it appears that it could occur soon.

In order to become bullish, a move above $7.00 would be required, and even then, I feel there will be much technical resistance above. Due to this, I believe that the easiest trade is to simply short signs of tiredness when they come, so that we can perhaps capitalize on a short-term rally within the next day.

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