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.