News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
  • 🇳🇱 GDP Growth Rate QoQ Final (Q2) Actual: 3.8% Expected: 3.1% Previous: -0.8%
  • 🇳🇱 GDP Growth Rate YoY Final (Q2) Actual: 10.4% Expected: 9.7% Previous: -2.4%
  • What is your forex trading style? Take the quiz and find out:
  • Heads Up:🇳🇱 GDP Growth Rate QoQ Final (Q2) due at 04:30 GMT (15min) Expected: 3.1% Previous: -0.8%
  • Heads Up:🇳🇱 GDP Growth Rate YoY Final (Q2) due at 04:30 GMT (15min) Expected: 9.7% Previous: -2.4%
  • Heads Up:🇹🇭 Balance of Trade (AUG) due at 03:30 GMT (15min) Expected: $0.97B Previous: $0.18B
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Evergrande shares jump as much as 32%, with over 240 million shares traded -BBG
Natural Gas Weekly Price Forecast: Nat gas eyes Rallying to Multi-Month High

Natural Gas Weekly Price Forecast: Nat gas eyes Rallying to Multi-Month High

Mahmoud Alkudsi, Analyst

Natural Gas Technical Outlook

  • Natural gas trades in a sideways move
  • Levels and signals to keep in focus

Natural Gas – Indecisive Traders

Last week, natural gas rallied to $1.857 then retreated and closed the weekly candlestick with a Doji pattern, indicating the market’s indecision at this stage.

This week, the Relative Strength Index (RSI) crossed above 50 hightailing the end of downtrend move.

Nat-Gas DAILY Price CHART (DEC 23, 2018 – Mar 12, 2020) Zoomed Out

Natural gas daily price chart 12-03-20 zoomed in

Natural Gas DAILY Price CHART (DEc 5 – Mar 12, 2020) Zoomed IN

Natural gas daily price chart 12-03-20 zoomed in

Looking at the daily chart, we noticed that at the start of the week natural gas rebounded from its lowest in over eleven years at $1,630 , then rallied as some bears seemed to cut back. Additionally, the price moved to a higher trading zone $1.819 – $2.140. In the following day, the market closed above the 50-day average generating a bullish signal.

Today, natural gas tested the low end of the zone. A close below this level could send the market towards $1.656. Further close above this level might encourage bears to press towards $1.430. That said, the daily and weekly support levels underlined on the chart should be considered.

It’s worth noting that, natural gas develops a possible inverted head and shoulders pattern where the neck line resides at $2.024. If the price breaks and remains above the neckline it could rally towards $2.434.

On the other hand, any failure in closing below the low end reflects bear’s hesitation. This could cause a rally towards the high end of the zone. Further close above this level opens the door for more bullishness towards $2.296. Yet, the weekly resistance levels and area marked on the chart should be kept in focus.

Natural Gas price Four-Hour PRICE CHART (DEC 29 – Mar 12, 2020)

natural gas four hour price chart 12-03-20

From the four- hour chart, we noticed that on March 4 natural gas corrected its downtrend move as created a higher low at $1.794. Any violation to the Feb 20 high at 2.224 could trigger uptrend move.

Thus, break above $2.162 may cause a rally towards $2.267. Although, the weekly resistance level underscored on the chart should be monitored. In turn, any break below $1.610 may resume bearish price action towards $1.430.

See the chart to find out more about key levels the price would encounter in a further bearish/bullish move.

Written By: Mahmoud Alkudsi

Please feel free to contact me on Twitter: @Malkudsi

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.