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Natural Gas: Another Wild Price Swing on the Horizon

BySatendra Singh
Published 01/12/2023, 09:58 AM
Updated 07/09/2023, 06:31 AM

The natural gas futures' wild price swing on Wednesday indicated indecisiveness among both bulls and bears.

Since testing a recent low at $3.423 on Jan. 11, natural gas futures recovered before the inventory announcement.

Growing uncertainty over inventory levels could induce a significant swing in today’s trading session. The withdrawal level could remain on the lower side because of the warm weather at this time of year.

Price swings could ignore the inventory levels as the big bears look ready to take charge if the prices retest the recent low once again. I'm anticipating a sudden selling spree if the inventory announcement brings meager withdrawal.

On the other hand, if prices ignore the inventory levels and hold above $3.712, bears could start short-squeezing in the post-inventory period.

Natural Gas Futures Daily Chart

Technically, in the daily chart, two bullish candles formed at the bottom of this winter season indicate a reversal is likely to continue till this weekly closing.

Natural Gas Futures 15 Minutes Chart

In the 15-minute chart, the prices are hovering above the significant support at the 200 DMA. A supper bullish crossover has formed with 9 DMA and 26 DMA crossing above the 200 DMA.

I conclude that the readers must be aware that a big price swing is right around the corner.

Disclaimer: The author of this analysis does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk, as Natural Gas is one of the most liquid commodities in the world.

Latest comments

Did you quit your job mr wild swing? I dont see any report from you today. You must be frustrated thst you just cant get it right 😀😀😀
Germany expects minus temperatures in feb and historically nat gas is on track like the years before … why exactly are you writing all those wild guesses without sense
Weather in USA is tourning little more cold with temperatures in the seasonal neutral range !!
Rain and snow will linger through Friday for portions of the Midwest,Appalachians, and East Coast as a cold front passes through this morning.Any additional rainfall totals should be light outside of coastal Maine,where a Flood Watch remains in effect through Friday afternoon. Somemoderate snow totals of 2-4 inches, locally higher, are forecast infavorable Lake Effect locations in the Lower Great Lakes, the Adirondacksin New York, and portions of the central/southern Appalachians. Highersnow totals of 8-12 inches are possible for northern Maine and the GreatSmokey Mountains. Some sleet and light accumulations of freezing rain willbe possible for northern New England as warmer air pushes northward aheadof the cold front Friday morning/afternoon before changing back over toall snow following the passage of the front Friday evening.
Short Range Forecast DiscussionNWS Weather Prediction Center College Park MD242 AM EST Fri Jan 13 2023Valid 12Z Fri Jan 13 2023 - 12Z Sun Jan 15 2023...Another couple rounds of heavy rain and snow for the West as theAtmospheric River pattern continues......Snow continues across northern New England Friday along with a periodof freezing rain/sleet......Unseasonably warm temperatures to start the weekend for the High Plainsas conditions turn chilly in the South...The ongoing unsettled weather in the West associated with the activeAtmospheric River pattern unfortunately continues into this weekend withanother couple rounds of heavy precipitation forecast. Lower elevationvalley/coastal rain and high elevation mountain snow is already ongoingthis morning in the Pacific Northwest and will spread into Californiathrough the day Friday as another Pacific storm system approaches thecoast. This system will stall and weaken as ridging builds inland over theWest .
Lol down back to where it was. You must be really dissapointed with your failures..
He is trying hard to change his tune after all that critisism he got! He knows that he was bitterly wrong but making bullish calls while the price kept going down. Whatever gain happened earlier today got entirely wiped off
 agree, swing call will always be true in NG
Zaheer, why are you stalking this guy? Why do you even care?
And wrong as usually
These fancy charts you have in your report mean nothing. NG is a manipulated commodity whose Prices cannot be predicted from a chart. Dont waste your time with these charts. You should instead inform your audience that the market and weather models are being controlled by crooks.
Please avoid definitive statements like "I conclude that the readers must be aware that a big price swing is right around the corner". Who writes these reports for you?
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