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Natural Gas Price Prediction – Prices Rally Ahead of Inventory Report

From fxempire.com

Natural gas continued to break out to fresh contract highs on Wednesday, the third consecutive day with a higher close. The rally comes ahead of Thursday’s inventory report from the Department of Energy. Expectations are for a 48 Bcf draw in stockpiles according to survey provider Estimize. Warmer than normal weather is expected to cover most of the United States over the next 6-10 and 8-14 days. According to the National Oceanic Atmospheric Administration, there is one tropical storm in the Atlantic or Gulf of Mexico that has a 10% chance of becoming a tropical cyclone over the next 48-hours. Technical Analysis: ... (full story)

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  • Category: Technical Analysis