Natural Gas Price Forecast

July 31st, 2018

Natural gas markets have gapped lower to kick off the week, and then broke down to the $2.77 level,

an area that had been support of last week.

Currently, the September contract is trading higher by 3 cents at $2.82.

The market is trying to figure out where to go next,

and therefore anticipate a lot of volatility. Overall, we are closer to the bottom of the overall range,

so it sno surprise to see a bit of a pop over the next several sessions. That doesn’t mean is going to be easy,

and there is a lot of noise just above current pricing. The $2.70 level is a major support level that extends down to the $2.60 level.


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