Natural Gas weekly forecast August 17 - 21
|Natural Gas Weekly (August 17 - 21, 2020)
Uptrend
The uptrend may be expected to continue, while market is trading above support level 2.160, which will be followed by reaching resistance level 2.700.
Downtrend
An downtrend will start as soon, as the pair drops below support level 2.160, which will be followed by moving down to support level 1.880 and if it keeps on moving down below that level, we may expect the market to reach support level 1.640.
previous week natural gas forecast chart
Natural Gas Weekly Weather Forecast
This week weather can be colder then average, that decrease summer gas consumption and create downtrend price pressure.
Natural Gas Long-Term (Quarter III: July - September, 2020)
Uptrend
The uptrend may be expected to continue, while market is trading above support level 2.160, which will be followed by reaching resistance level 2.700.
Downtrend
An downtrend will start as soon, as the market drops below support level 2.160, which will be followed by moving down to support level 1.640.
Natural Gas Fundamental Analysis
Difference between supply and demand shows oversold market and the fair price at the level $2,7.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.