Tuesday Forecast
Uptrend scenario
An uptrend will start as soon, as the natural gas market rises above resistance level 2.800, which will be followed by moving up to resistance level 2.960.
Downtrend scenario
The downtrend may be expected to continue in case the natural gas market drops below support level 2.700, which will be followed by reaching support level 2.445.
This/Next Week Forecast (November 16 - 20, 2020)
Uptrend scenario
An uptrend will start as soon, as the natural gas market rises above resistance level 3,145, which will be followed by moving up to resistance level 3,420.
Downtrend scenario
The downtrend may be expected to continue, while the natural gas market is trading below resistance level 3.145, which will be followed by reaching support level 2,700.
Previous week natural gas forecast chart
Fundamental Analysis
The difference between supply and demand shows a fair price on the level 2.7.
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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