Natural Gas Price Forecast – Natural Gas Markets Turn Around Again

Natural Gas Price Forecast – Natural Gas Markets Turn Around Again

Oops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.Christopher LewisJune 18, 2021, 9:54 AM·2 min readOops!Something went wrong.Please try again later.Oops!Something went wrong.Please try again later.

Natural gas markets have initially fell a bit during the course of the trading session on Friday but has turned around to show signs of support again. Ultimately, we did up forming a bit of a hammer and therefore I think what we are looking at is a scenario that perhaps traders will continue to focus on the upside, but there is a lot of resistance above.

NATGAS Video 21.06.21

The $3.40 level is an area that I think will continue to be paid close attention to as it was a major barrier and breaking above that could really get the natural gas markets rocking to the upside. The question now is whether or not we can sustain the type of bullish pressure, because we are at extreme highs in what is typically a cyclically weak time of the year, although there is a huge commodity boom going on right now that is having its effects felt over here. Furthermore, there is a tropical storm building in the Gulf of Mexico, and I think that