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Working natural gas in storage across the United States increased by 59 billion cubic feet in the week ending April 26 compared to the previous seven-day period to reach 2,484 billion cubic feet, the Energy Information Administration (EIA) said in its report released on Thursday. On an annual level, the figure advanced by 436 billion cubic feet. ...
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Natural gas is forming a double top formation on its hourly time frame, indicating that a reversal from the earlier climb is due. Price has yet to test and break below the neckline to confirm the selloff. The 100 SMA is below the 200 SMA to indicate that the path of least resistance is to the downside or that support is more likely to break than to hold, ...