Thursday Forecast
Uptrend scenario
The uptrend may be expected to continue, while the natural gas market is trading above support level 3.010, which will be followed by reaching resistance level 3.145 and if it keeps on moving up above that level and 3.200, we may expect the natural gas market to reach resistance level 3.390.
Downtrend scenario
A downtrend will start as soon, as the natural gas market drops below support level 3.010, which will be followed by moving down to support level 2.920 and 2.810.
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This/Next Week Forecast (November 9 - 13, 2020)
Uptrend scenario
An uptrend will start as soon, as the natural gas market rises above resistance level 3.000, which will be followed by moving up to resistance level 3.200 and if it keeps on moving up above that level, we may expect the natural gas market to reach resistance level 3.420.
Downtrend scenario
The downtrend may be expected to continue, while the natural gas market is trading below resistance level 3.000, which will be followed by reaching support level 2.700 and if it keeps on moving down below that level, we may expect the natural gas market to reach support level 2.445.
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Previous week natural gas forecast chart
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Fundamental Analysis
The difference between supply and demand shows a fair price on level 2.7.
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Monthly Forecast
Uptrend scenario
An uptrend will start as soon, as the natural gas market rises above resistance level 3.420, which will be followed by moving up to resistance level 3.730.
Downtrend scenario
The downtrend may be expected to continue, while the natural gas market is trading below resistance level 3.200, which will be followed by reaching support level 2.700 and if it keeps on moving down below that level, we may expect the natural gas market to reach support level 2.160.
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