Natural Gas Weekly (August 17 - 21, 2020)
Uptrend
The uptrend may be expected to continue, while the market is trading above support level 2.160, which will be followed by reaching resistance level 2.700.
Downtrend
A downtrend will start as soon, as the pair drops below support level 2.160, which will be followed by moving down to support level 1.880 and if it keeps on moving down below that level, we may expect the market to reach support level 1.640.
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Previous week natural gas forecast chart
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Natural Gas Weekly Weather Forecast
This week weather can be colder than average, which decreases summer gas consumption and create downtrend price pressure.
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New-York, August 2020
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Natural Gas Long-Term (Quarter III: July - September 2020)
Uptrend
The uptrend may be expected to continue, while the market is trading above support level 2.160, which will be followed by reaching resistance level 2.700.
Downtrend
A downtrend will start as soon, as the market drops below support level 2.160, which will be followed by moving down to support level 1.640.
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Natural Gas Fundamental Analysis
The difference between supply and demand shows an oversold market and a fair price at the level of $2,7.
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