Not the natural gas contracts are for Jan 2022. Sine the weather forecast predicts a warmer than expected winter while Dec would be severe winter, the trend is bearish for now. If commercial use decreased due to covid concerns, and asian (who paid more for the NG) demands slow down, the total demand goes down drastically.
Meanwhile, we may see prices around $4.00 psychological price, and support level above and below that. I the week ends below $4, we may have a pull back, and continue to $3.8 (daily support), then $3.439 (weekly support), and hopefully $2.86 (weekly support) or even better monthly support at $2.215.
Meanwhile, we may see prices around $4.00 psychological price, and support level above and below that. I the week ends below $4, we may have a pull back, and continue to $3.8 (daily support), then $3.439 (weekly support), and hopefully $2.86 (weekly support) or even better monthly support at $2.215.