U.S. Natural gas futures are expected to increase to approximately U.S.$ 3.20 over the next couple of months.
U.S. natural gas futures appear to be forming a reverse head & shoulders pattern, which is a bullish chart pattern. This pattern appears in the 2 hour U.S. Natural Gas futures chart and if completed can see the futures price reach over $3.20. The left shoulder was formed on January 20th with a low of 2.822 and the head was formed on January 22nd with a low of 2.766. The right shoulder is forming, with a low at 2.841 today. The completion of the right should would be seen if U.S. Nat gas futures close above 2.97 and continues to trade higher. The target for the chart pattern is $3.20.
