Weekly Forecast
(August 24 - 28, 2020)
Uptrend scenario
The uptrend may be expected to continue, while natural gas is trading above support level 2.455, which will be followed by reaching resistance level 2.700.
Downtrend scenario
A downtrend will start as soon, as natural gas drops below support level 2.455, which will be followed by moving down to support level 2.160.
Previous week natural gas forecast chart
Weather Forecast For This Week
This week weather can be hotter then average, that increase summer gas consumption and create uptrend price pressure.
New-York, August 2020
Quarterly Forecast
(Quarter III: July - September, 2020)
Uptrend scenario
The uptrend may be expected to continue, while natural gas is trading above support level 2.160, which will be followed by reaching resistance level 2.700.
Downtrend scenario
A downtrend will start as soon, as natural gas drops below support level 2.160, which will be followed by moving down to support level 1.640.
Fundamental Analysis
According to Fundamental Analysis difference between supply and demand shows oversold market and the fair price at the level $2,7.
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