Natural Gas Price Forecast - Natural Gas Markets Continue to Look Elevated
Natural Gas Price Forecast – Natural Gas Markets Continue to Look Elevated
Natural gas markets have gone back and forth during the course of the trading session on Thursday as we have continued to struggle with the $4.00 level above. That of course is a large, round, psychologically significant figure and would attract a lot of attention. With that being the case, it is not a huge surprise that we have pulled back just a bit. However, as we have pulled back from here it is likely that we could go looking towards the $3.80 level underneath which was the previous high.
NATGAS Video 23.07.21
Looking at this chart, there is a bit of a bullish flag that we have recently broken out of, it looks as if the measured move is to reach towards the $4.40 level. That being said, it is also worth noting that the previous consolidation area between the $2.40 level and the $3.40 level also measures to reach towards the $4.40 level as well. That being the case in of course the fact that we …
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