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Natural Gas Analysis: Price Continues to Soar as Nicholas Slams the Gulf

From dailyfx.com

Natural gas prices continued to roar higher on Tuesday as fears over significant supply shortages continue to mount. As Nicholas made landfall, prices of energy futures rose after market participants raced to price in additional supply shortages following the arrival of Hurricane Ida. Gulf Coast output lagged behind demand in the weeks leading up to Ida. Hurricane Nicholas complicated those output production woes further. Potential flooding and severe wind stemming from a strengthening Nicholas could potentially shutter production from Texas to Alabama. Instances of extreme weather provide market participants with ... (full story)

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  • Category: Technical Analysis