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
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here:
  • While the meetings of central bankers in the US, Japan and the UK will be front, left and center of traders’ minds this coming week, it would be wise not to ignore next Sunday’s German Federal Election. Get your euro forecast from @MartinSEssex here:
  • Take a closer look visually at the most influential global importers and exporters here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
  • GBP/USD’s consolidation could end soon if price breaks out of a symmetrical triangle in play since July. At this time, a downside breakout is likely following the appearance of a death cross. Get your weekly $GBP forecast from @DColmanFX here:
  • 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:
  • The Federal Reserve rate decision is likely to sway the near-term outlook for the price of gold as the central bank appears to be on track to scale back monetary support. Get your weekly gold forecast from @DavidJSong here:
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
Natural Gas Price: Eyes A Test of $1.500 Threshold- Nat Gas Weekly Forecast

Natural Gas Price: Eyes A Test of $1.500 Threshold- Nat Gas Weekly Forecast

Mahmoud Alkudsi, Analyst

Natural Gas Technical Outlook

  • Bearish momentum is weaker yet still in tact
  • Signals and thresholds to keep in focus

Natural Gas Price – Hesitant Bears

Last week, natural gas rallied to $1.777. Later on, the market reversed and settled below 1.700 handle. On Friday, the price closed the weekly candlestick with 2.3% gain.

The Relative Strength Index (RSI) remained flat below 50 indicating to a stalled downtrend move.

Nat-Gas DAILY Price CHART (Jan 23, 2019 – April 1, 2020) Zoomed Out

Natural gas daily price chart 01-04-20 zoomed out

Natural Gas DAILY Price CHART (Jan 22 – April 1, 2020) Zoomed IN

Natural gas daily price chart 01-04-20 zoomed in

Looking at the daily chart, we noticed that on March 25 natural gas rallied yet failed to move to the higher trading zone indicating of a possible bearish comeback. Yesterday, the price rebounded from the low end of current trading zone $1.655 - $1.760.

Thus, a successful close below the low end may encourage bears to press towards $1.430. Further close below that level could mean more bearishness towards $1.248. That said, the psychological support area with the yearly support levels marked on the chart (zoomed in) should be watched closely.

In turn, any failure in closing below the low end could mean more of the same i.e. a possible rebound towards the high end of the zone. Further close above this level may send the price even higher towards $1.902. Nevertheless, the weekly resistance level underlined on the chart would be worth monitoring.

Natural Gas price Four-Hour PRICE CHART (Mar 12 – April 1, 2020)

natural gas four hour price chart 01-04-20

From the four- hour chart, we noticed that on March 22 natural gas downtrend move paused and the price developed a descending triangle. Therefore, any violation of the lower line of the triangle could send the market towards $1.500 handle.

A break below $1.623 would be considered an additional bearish signal. This may increase the likelihood for natural gas to test $1.500 handle. Although the daily support level underscored on the chart should be considered. On the other hand, any break in the other direction i.e. above $1.800 could send the price towards $1.902. Yet, the weekly resistance level printed on the chart should be kept in focus.

See the chart to find out more about the key technical levels to keep in mind in a further bullish/bearish scenario.

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.