Natural Gas Weekly Forecast, October 19 - 23

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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Chart Natural gas This/Next Week Forecast, Technical Analysis

Previous week natural gas forecast chart

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Chart Natural gas This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand showing fair price on the level 2.7.

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Natural Gas Fundamental Analysis, Ending Stocks, Inventory Chart

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)

Chart Natural gas Forecast 2020, Long-term Outlook, Technical Analysis

Disclaimer: All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell ...

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