Natural Gas Weekly Price Forecast – Natural Gas Markets Spiked for the Week

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Natural gas markets have spiked higher to kick off the week, reaching all the way towards the $6.50 level. By reaching that area, we got a little bit overextended, and then pulled back quite significantly to reach down towards the $5.50 level towards the end of the Friday session. All things been equal, this is a bit of a shooting star, but at this point I still think we are a long way away from forming a new downtrend. Quite frankly, it is very likely that we would see buyers on dips, and that is exactly how I plan on playing this market. NATGAS Video 04.10.21 I believe that the $5.00 level should continue to offer a significant amount of support, at least from a psychological standpoint, if not a structural one. There is still a significant amount of demand for natural gas in the European Union, and as long as that is going to be the case, I think it is difficult to short this market. The market is significantly bullish, and therefore it is going to take a significant amoun
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