FX.co ★ Natural Gas (NG)

This is not a long-term situation, but it will bring in a bit of demand in the short term. This time of year is what is known as shoulder season, and it typically is fairly weak. The natural gas market is still somewhat volatile, to put it mildly, although there has been some recent upward momentum. I will be keeping a careful eye on this. The natural gas market is still somewhat volatile, to put it mildly, but there has been some recent upward momentum, which makes some sense given the rising temperatures in the US over the past few days. If we have enough time, I believe the market will likely present us with a good shorting opportunity, and I will be watching for signs of tiredness to begin selling once more, as I always do at this time of year. Since natural gas can roll over quickly, I'm not interested in purchasing it right now. A move to the 50-day EMA and potentially even the $2.60 level is possible below the $3 level. The 200-day EMA provides a substantial barrier to the upside at $3.29. This market is still significant, in my opinion, and it is incredibly challenging for natural gas to make a longer-term upward move given the surplus that exists in the US. I will simply sell it at a slightly higher level if it rebounds from here, which would be fantastic. I'm keeping an eye out for indications of fatigue; we haven't really had any follow-up on that yet, but the next few days should provide that chance. The biggest obstacle to making money in this market right now is probably just having patience.