Investors, get ready for an exciting time in the stock market as we enter a typically bullish period. With the end of hurricane season and colder temperatures approaching the northeastern United States, demand for natural gas is expected to increase, driving up prices in the market. This is important to keep in mind when trading CFDs in the natural gas markets, as they are based on futures contracts and influenced by seasonal factors like winter weather.
When it comes to short-term pullbacks in the natural gas market, look for support levels near $2.80 and $2.65. On the upside, resistance may be encountered around the $3.15 level. Despite recent gains, the market is showing signs of consolidation, with potential for a pullback that could offer investors a buying opportunity.
For a more in-depth analysis of today’s economic events that could impact the stock market, be sure to check out our economic calendar. Stay informed and make informed investment decisions with Extreme Investor Network.