Natural Gas Price Forecast – Natural Gas Markets Continue to Grind | Canada News Media
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Natural Gas Price Forecast – Natural Gas Markets Continue to Grind

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Natural gas markets have shown themselves to be a little lackluster to say the least, as we are trying to find some type of momentum to turn things around. That being said, the market is more likely than not going to be noisy, and therefore I would anticipate that it is going to continue to be very difficult to hang onto any position, so the first thing that you need to look at is position sizing, and make sure that it is rather small. The market will continue to see the $2.50 level as a bit of a magnet for price, so I think given enough time we probably have more back-and-forth.

I believe we are trying to form some type of basing pattern, so I would anticipate a pop sooner or later. After all, we are so oversold that I think it would only take the slightest of fundamental reasons to get this market rallying hard. That being said, I will not hesitate to short signs of exhaustion after a short term rally. The 50-Day EMA sits right around the $3.96 level, and more likely than not will attract a bit of short selling.

I would love to see a 2 or 3 day rally that shows signs of exhaustion that I can take advantage of. I do not want to buy this market, because I do think that the seasonality will keep this market somewhat soft as well. I think at this point in time, natural gas still looks miserable, and now that warmer temperatures will be coming to the northern hemisphere, demand is going to continue to drift lower.

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