Natural Gas Price 2023 - Will Prices Skyrocket Again Before 2024?

Demand for natural gas seems to have recovered recently after reaching a low of $2.00/MMBtu. In this natural gas analysis for the rest of 2023 we delve deeper into the fundamentals behind the price movement, as well as the technical formation on the chart.

Electricity generation from natural gas in the US set to remain high (2022 holds the record and 2023 won't be far behind) due in part to hot weather.
Another important factor to keep an eye on is liquefied natural gas exports, with uncertainty caused by the war in Ukraine still impacting European and global markets.

Where do you think the price of natural gas will end 2023? Let us know in the comments and subscribe to the Capital.com channel for more analysis like this.

Chapters:
00:00 Intro
00:14 Natural gas 2023 news and updates
06:55 Natural gas technical analysis for rest of 2023
10:54 Recap

***
Explore trading and start investing with Capital.com.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when spread betting and trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

This video is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.

Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (“CySEC”), under licence number 319/17.

Capital Com SV Investments Limited, company registration number: 354252. Registered address: 28 Octovriou 237 Lophitis Business Center II, 6th Floor, 3035, Limassol, Cyprus.