Natural Gas Price Forecast – Natural Gas Markets Gap Higher
Natural gas rallied a bit on Thursday at the open but then pulled back to fill the gap a bit. This is a market that is trying to find some directionality.
Natural gas markets continue to be very volatile, gapping higher at the open on Thursday before rolling over and filling the gap. Ultimately, I think we are still going to the top of the huge pink box that I have drawn on the chart, meaning the $2.00 area. Longer-term, I do not know if we can break above there because I see a significant amount of resistance extending to the $2.10 level, but right now this is a market that we have going. We are simply bouncing around between the $2.00 level on the top and the $1.50 level on the bottom.
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