This/Next Week Forecast (October 19 - 23, 2020)
Uptrend scenario
An uptrend will start as soon, as the natural gas market rises above resistance level 2.920, which will be followed by moving up to resistance level 3.200.
Downtrend scenario
A downtrend will start or from resistance 2.800 - 2.920, or as soon, as the natural gas market drops below support level 2.445, which will be followed by moving down to support level 2.160.
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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 the 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.
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