Additionally, Gas’s price is forecasted to lose -18.54% in the next six months and reach $ 2.16 on Feb 5, 2024. Finally, Gas is expected to trade at $ 2.24 on Aug 8, 2024, following a -15.32% value increase in one year. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Gas. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

• The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels.
• Meanwhile, the state is also tacking on an additional 2 cents per gallon, pushing that tax from 38.5 cents to 40.5 per gallon.
• As the name suggests, a moving average provides the average closing price for GAS over a selected time frame, which is divided into a number of periods of the same length.
• Production has remained at relatively high levels throughout 2023 despite a decline in U.S. natural gas prices.

Another indicator of tomorrow’s gas prices is the future contracts price for Brent Crude Oil Futures. For the most part, gas price futures contracts will follow oil price contracts. Occasionally oil prices will be low, but gas prices spike due to distribution failures from natural disasters or seasonal plant shutdowns. It’s another way to profit directly from your predictions of tomorrow’s gas prices. Oil-importing countries profit from the rising dollar value, so they don’t need to charge as much for oil. That was the case between 2014 and 2016, when the dollar started getting stronger, and global oil prices fell.

NC gas prices jump 11 cents in two weeks

This week, we’re seeing the biggest overnight prices jumps than we’ve seen in more than a year. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. State energy information, including overviews, rankings, data, and analyses.

But crude prices are likely to keep jumping around a lot and may not stay in any one trading range for long. The AI algorithm does a complete analysis of charts of the stock, and determines where the stock might go in future. It studies various charts of various time frames to reach a prediction value. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. According to our Gas prediction algorithm, the price of Gas will not reach $100,000.

This year will be one to remember for Gas, in 2031 we expect that GAS will reach a new ATH of $26.05, the new minimum price of Gas could be $24.46. AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. In January 2023, the bulls started to push harder as the price experienced a bounce, making a higher high and higher low.

Gas Price Prediction for Tomorrow and Next Week

This has been coexisting alongside the Neo Legacy blockchain for an extended period, allowing users to migrate their tokens and applications to the new chain. The 200-day SMA is calculated by taking Gas’s closing prices in the last 200 days, adding them together, and dividing the total by 200. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. Meanwhile, a falling 200-day SMA shows that GAS has been trending downwards over the long term.

At more than 370 Circle K gas stations in Ontario, the prices at the pumps will be discounted ahead of the long weekend. If predictions hold, the increase will follow the 5-cent uptick the province recorded on Thursday and bring prices to the highest they’ve been since late 2022. On Jan. 2, AAA showed the average price of a tank of gas was back above $3 in Raleigh and across the state, about 10 cents higher than the week before. Meanwhile, the state is also tacking on an additional 2 cents per gallon, pushing that tax from 38.5 cents to 40.5 per gallon. Major threats to the world’s oil supply can drive up the prices of both oil and gas. Gas prices typically rise in the spring and summer and drop in the fall and winter.

Gas prices now the highest in nine months

In the years that follow , 2026, 2027 the GAS price is predicted to be in January worth on average $2.682, $2.723, $3.034, respectively. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the GAS price. Anyone looking to get the most up-to-date and accurate data on gas should always visit CAA’s website on the day of their travel. Other possible fluctuations include a 9-cent spike for the city of Kingston, which could bring the area back into the fold, leaving it at 156.9 cents per litre. “Weekend evenings tend to be slightly cheaper as gas bars lose some of their retail margins for a few hours,” he told Narcity last summer.

• According to our Gas prediction algorithm, the price of Gas will not reach $10,000.
• At more than 370 Circle K gas stations in Ontario, the prices at the pumps will be discounted ahead of the long weekend.
• Because Gas has strong fundamentals and a lot of people are invested in this cryptocurrency, we predict that the future for GAS looks promising.
• Each candlestick will display GAS’s opening price, closing price, as well as the highest and lowest prices that Gas reached within the 1-hour period.
• If it reaches the upper price target, GAS could increase by 38.02% and reach $ 3.65.

Production has remained at relatively high levels throughout 2023 despite a decline in U.S. natural gas prices. The U.S. benchmark Henry Hub spot price averaged $2.41 per million British thermal units (MMBtu) in 1H23, compared with an annual average of $6.42/MMBtu in 2022. Net injections of natural gas into storage have exceeded the five-year average by 3% so far this refill season (April 1–October 31), in part due to high natural gas production. The increased surplus of natural gas storage inventories reduced natural gas prices throughout 1H23 compared with 2022. It also tells you if any of the seven contributing trends are currently affecting prices. There is a wealth of data on the EIA’s website, including historical gas prices, so you can drill down to look at trends.

Tomorrow’s movement Prediction of NATURAL GAS NATURALGAS appears to be in uptrend. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. Currently, the Gas Fear & Greed Index stands at 50, which means that investors’ sentiment is in the so-called Neutral zone.

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The minimum predicted price of Gas for this time period is $2.654 and the maximum price is $3.904. Just like with any other asset, the price action of Gas is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.

Peterborough, which typically offers cheaper gas prices than the rest of Ontario, could see its rates rise from 144.6 to 154.9 cents per litre by hump day. Cornwall is also on track to record lower gas prices than the rest of the province, topping off at 159.9 cents per litre on Friday despite recording a whopping 10-cent increase. We forecast working natural gas inventories to end the refill season at nearly 3.9 trillion cubic feet (Tcf) which is 7%, or 250 Bcf, higher than the five-year average. To get a closer look at future gas prices, go to the commodities markets.

Gas’s long term Price Prediction below is a look at GAS’s future prospect with regards to price. Gas was last seen at $2.66, with a market cap of $37,067,242 and trading volumes of $3,780,131. GAS’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community. Moving averages are among the most popular Gas price prediction tools. As the name suggests, a moving average provides the average closing price for GAS over a selected time frame, which is divided into a number of periods of the same length.

While we provide one of the most accurate predictions for GAS on the market, they should never be taken as financial advice. When trying to make a Gas forecast, many traders also try to monitor the activity of GAS “whales”, which are entities and individuals that control large amounts of GAS. Since the Gas market is relatively small compared ndau price chart to traditional markets, “whales” can single-handedly have a big influence on Gas’s price movements. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Gas’s price action in 1-hour chunks.

Gas traders use a variety of tools to try and determine the direction in which the GAS market is likely to head next. These tools can roughly be divided into indicators and chart patterns. The current Gas sentiment is bearish according to our technical analysis.

If it reaches the upper price target, GAS could increase by 38.02% and reach $ 3.65. The Gas price prediction for next week is between $ 2.34 on the lower end and $ 2.35 on the high end. Based on our GAS price prediction chart, the price of Gas will increase by 0.53% and reach $ 2.35 by Aug 21, 2023 if it reaches the upper price target. According to Gas Wizard’s predictions, prices in Toronto will go up by 1 cent on Thursday, costing motorists 153.9 cents per litre. Ontario gas prices are about to be much cheaper on Thursday at certain stations across the province, and the savings will be worth the wait. According to McTeague, timing is everything when it comes to gas prices, and those who fill up their tank on Saturday or Sunday night are usually better off.