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Natural Gas Price Outlook – Natural Gas Continues to Show Strength

FXEmpire · last updated

The 50-day EMA is at the $3.11 level and is turning higher, so we’ll see if this gap actually gets filled. Typically, they do, but they don’t have to. Over the longer term, I anticipate that natural gas will go looking to the $4 level, which is a large, round, psychologically significant figure that’s been important multiple times. And as such, I look at dips in the natural gas market as potential buying opportunities going forward.

I have no interest in shorting natural gas for about three months, maybe four. So, we’ll just have to see as the contracts roll over. Keep in mind that futures contracts do, of course, talk about the future. So, really at this point in time, between now and maybe March, I’m more of a buy on the dip type of trader.

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