An uptrend scenario will start as soon, as the market rises above resistance level 3.000, which will be followed by moving up to resistance level 3.200 and if it keeps on moving up above that level, we may expect the market to reach resistance level 3.420.
The downtrend may be expected to continue, while the market is trading below resistance level 3.000, which will be followed by reaching support level 2.700 and if it keeps on moving down below that level, we may expect the market to reach support level 2.445.
previous week natural gas forecast chart
Fundamental Analysis
The difference between supply and demand shows the fair price on the level 2.7.
Monthly Forecast
An uptrend will start as soon, as the market rises above resistance level 3.420, which will be followed by moving up to resistance level 3.730.
The downtrend may be expected to continue, while 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 market to reach support level 2.160.
Comments
Log in or sign up to join the conversation.