Unveiling the Secrets Behind Natural Gas Futures Movement and How It Could Impact Your Finances
Amidst prevailing geo-political moves and milder weather announcements, the natural gas futures market is facing limited upside potential. As the world’s leading investment manager and financial market journalist, I have analyzed the situation and uncovered the reasons behind this trend.
The recent statement by US President-elect Donald Trump regarding ‘Higher Tariffs’ for the European Union has added to the uncertainty in the market. Additionally, the potential disruption of Russian gas supply to European countries could further impact natural gas prices.
Furthermore, the outlook for natural gas prices remains bearish due to the expectation of milder weather conditions, which could lead to lower demand for natural gas. The reduction in drilling activities by several producers has also contributed to the decline in natural gas output.
In this scenario, it is likely that natural gas prices could see more downside movement, especially if they break below the significant support level at $3.093. Any significant changes in energy policies under the new administration could also provide further clues on the direction of natural gas prices.
From a technical analysis perspective, natural gas futures are facing resistance at key levels, indicating a continuation of the selling pressure. The bears seem to be in control, as shown by the formation of a ‘Bearish Crossover’ on the 4-hour chart.
For a more in-depth analysis, I will be providing live updates on the natural gas futures market on my YouTube channel ‘SS Analysis’ on Dec. 25, 2024.
Disclaimer: Readers are advised to trade natural gas futures at their own risk, as this analysis is based on observations and market trends.
In conclusion, the current geo-political landscape and weather forecasts are shaping the natural gas futures market. Understanding these factors and staying informed on the latest developments can help investors make informed decisions about their finances. Stay tuned for more updates on this evolving situation.