This/Next Week Forecast (October 5 - 9, 2020)
Uptrend scenario
The uptrend may be expected to continue, while the natural gas market is trading above support level 2.160, which will be followed by reaching resistance level 2.700 and if it keeps on moving up above that level, we may expect the natural gas market to reach resistance level 3.200.
Downtrend scenario
A downtrend will start as soon, as the natural gas market drops below support level 2.160, which will be followed by moving down to support level 1.910 - 1.640.
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Previous week natural gas forecast chart
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Fundamental Analysis
Difference between supply and demand showing fair price on level 2.7.
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Long-Term Forecast (Quarter III: July - September, 2020)
Uptrend scenario
The uptrend may be expected to continue, while the natural gas market 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 the natural gas market drops below support level 2.160, which will be followed by moving down to support level 1.640.
(Click on image to enlarge)
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