natural gas<\/a> market has shown itself to be somewhat resilient near this crucial $3.50 level. And I think that is going to be the main story here, resiliency. The $3.50 level, of course, is a large round, psychologically significant figure that people will be paying close attention to. But I would also bring to your attention that it is where a major trend line hangs out. And just below there, we have the 200 day EMA. The 200 day EMA, of course, is an indicator that a lot of longer term traders will be paying close attention to. And therefore, I think you\u2019ve got a situation where we could see a lot of noise here. Keep in mind that natural gas is going to start to see a lack of demand soon, mainly due to the seasonality, as it is a major component in heating.<\/p>\nIt also produces a lot of electricity in the United States as well. So, if the economy slows down, it\u2019s possible that natural gas demand will fall off of a cliff. I\u2019m not necessarily expecting that right away, but I do recognize that we have a situation where natural gas is at a major inflection point that we need to pay close attention to. If we were to break down below the $3.30 level and take out the 200-day EMA, then I think you\u2019ve got a real shot at this market falling even further, perhaps down to the $3 level.<\/p>\n<\/div>\n
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[ad_1] Natural Gas Technical Analysis The natural gas market has shown itself to be somewhat resilient near this crucial $3.50 level. And I think that is going to be the main story here, resiliency. The $3.50 level, of course, is a large round, psychologically significant figure that people will be paying close attention to. But I would also bring to your attention that it is where a major trend line hangs out. And just below there, we have the 200 day EMA. The 200 day EMA, of course, is an indicator that a lot of longer term traders will be paying close attention to. And therefore, I think you\u2019ve got a situation where we could see a lot of noise here. Keep in mind that natural gas is going to start to see a lack of demand soon, mainly due to the seasonality, as it is a major component in heating. It also produces a lot of electricity in the United States as well. So, if the economy slows down, it\u2019s possible that natural gas demand will fall off of a cliff. I\u2019m not necessarily expecting that right away, but I do recognize that we have a situation where natural gas is at a major inflection point that we need to pay close attention to. If we were to break down below the $3.30 level and take out the 200-day EMA, then I think you\u2019ve got a real shot at this market falling even further, perhaps down to the $3 level. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":42952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-42951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/42951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=42951"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/42951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/42952"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=42951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=42951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=42951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}