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Natural Gas Price Prediction – Prices Rebound to Close in the Black
Natural gas prices rebounded from session lows and closed in the black. The weather is expected to be warmer than normal throughout most of the United States for the next 8-14 days. There are two storms currently in the Atlantic near the Caribbean that have a small chance of each becoming a tropical cyclone in the next 48-hours, according to the National Oceanic Atmospheric Administration. U.S. supply remain flat week over week. Technical Analysis: Natural gas prices dropped early but rebounded into the close after pushing through support which is an upward sloping trend line that comes in near 5.29. Resistance is ... (full story)