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Natural Gas Price Prediction – Prices Edge Higher Despite Rise in Production

From fxempire.com

Natural gas prices rebounded for a second straight session after moving into the red early, ahead of the EIA inventory report. Expectations are for a 109 Bcf build in stockpiles according to survey provider Estimize. The weather is expected to be warmer than normal throughout most of the United States for the next 8-14 days. There 1-storm currently in the Atlantic near the Caribbean that has a small chance of each becoming a tropical cyclone in the next 48-hours, according to the National Oceanic Atmospheric Administration. Production moved higher in Q3. Technical Analysis: Natural gas prices moved higher bouncing at ... (full story)

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  • Category: Technical Analysis