natural gas forecast
waiting for another confirmation to place a definite buy or sell on natural gas. Confirmations are leaning more toward the bullish side than the bearish. Consistent uptrend, and currently hasn't broken. A hidden bullish divergence on the 30 minute time frame, currently no signs of major price reversals on the 4hr and daily. News of a potential Russian oil ban has push the market up with fears. Made a small white box if price breaks below and closes will sell for a pul back, and if price closes above box that is a confirmation for a continuation. Signs are pointing bullish, but always weigh out ll possibilities and be patient
Fundamentals:
According to the IEA"S latest quarterly report natural gas demand is set to slightly decline in 2022 as a result in higher prices caused by Russia's invasion.
Europe continues to consider a ban on Russian energy exports.
an immediate
russian natural gas ban would have a severe negative impact on industry and jobs. Germany alone depends on Russia for 1/3 of its energy consumption. so 40 percent of the European Union's natural gas and some 25 percent of its oil now comes from russia, mostly through pipelines.
Fundamentals:
According to the IEA"S latest quarterly report natural gas demand is set to slightly decline in 2022 as a result in higher prices caused by Russia's invasion.
Europe continues to consider a ban on Russian energy exports.
an immediate
russian natural gas ban would have a severe negative impact on industry and jobs. Germany alone depends on Russia for 1/3 of its energy consumption. so 40 percent of the European Union's natural gas and some 25 percent of its oil now comes from russia, mostly through pipelines.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.