Natural Gas Analysis and Forecast

Bearish pressure is expected to persist in the coming days or week due to increased natural gas production following a June explosion that shut down a Texas LNG facility. The facility is expected to take at least two weeks to become operational again, but bullish pressure may return once it does as well as if winter conditions return in late January or early February. If the 3.500 level is broken, prices may increase to the range of 4.500-5.000 before a possible drop again. NG1!