Natural gas price is rising 1.9%
October 7, 2026
NEWS: Natural gas price is rising 1.9% testing a more-than-one-week high as a Gulf of Mexico storm threatens to become a hurricane and disrupt up to 5% of U.S. production capacity.
Possible Scenarios:
If Natural Gas fails to breach through R2 of 3.193, our Analysis Department expects Natural Gas to undergo a short- term downward correction.
If Natural Gas manages to break above its R2 of 3.193, our Analysis Department expects Natural Gas to extend its gains to its R3 of 3.221.
Support and Resistance Levels:
|
Natural Gas |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3.037 |
3.065 |
3.092 |
3.129 |
3.166 |
3.193 |
3.221 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.32 |
(+/-) £75.52 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.11954
***GBP/USD = 1.32406
Calculations for exchange rate used as of Wednesday, October 7, 2026, 9:56 GMT+1