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Natural Gas Prices Heating Up, Breakout Would Bring Major Pain

By Chris KimbleCommoditiesSep 28, 2021 02:15PM ET
www.investing.com/analysis/natural-gas-prices-heating-up-breakout-would-bring-major-pain-200603322
Natural Gas Prices Heating Up, Breakout Would Bring Major Pain
By Chris Kimble   |  Sep 28, 2021 02:15PM ET
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The price of natural gas is a closely watched economic input, similar to crude oil, gasoline, and interest rates.

When these economic inputs are rising, then we tend to worry about inflation. Today, we take a closer look at a long-term chart of natural gas.

As you can see on today’s “monthly” chart, the price of natural gas has risen sharply of late. And natural gas could become a major pain to consumers if its price continues to rise!

More specifically, natural gas struggled around the $5.60 mark in 2009 and 2014 while it formed a double top and declined sharply. breaks above this double top! Natty gas is testing this level as we speak and its next move may carry serious implications (for traders and consumers alike).

If natural gas can breakout above this level and hold, it could rally towards its old highs around the $14 level! On the flip side, if this level can hold and prices turn lower, then consumers will breathe a sigh of relief! What happens next will be important… Stay tuned!

Natural Gas Prices Heating Up, Breakout Would Bring Major Pain
 

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Natural Gas Prices Heating Up, Breakout Would Bring Major Pain

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Comments (4)
Ray Tunc
Ray Tunc Sep 28, 2021 10:36PM ET
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He says pesos. He lives in the dreamland which is in Mexico
Opti Bot
Opti Bot Sep 28, 2021 10:32PM ET
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Never go full troll
Zaheer Khalfan
Zaheer Khalfan Sep 28, 2021 7:13PM ET
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Lol! What is he smoking? Its s cheap commodity that comes out of our behinds. Lots of natural gas underground. $14 is only possible with manipulation and even then it will come down faster than it goes up! At $14/ mmBTU the world would come to a standstill. This is the work of mafia around the workd who are manipulating the price! The end result will be catastrophic.
ultrareturns LTD
ultrareturns LTD Sep 28, 2021 7:13PM ET
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Rick Ka
Rick Ka Sep 28, 2021 7:13PM ET
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It was 15.78 in 2005, and the world kept moving.
Pauline Nguyen
Pauline Nguyen Sep 28, 2021 6:16PM ET
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