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Natural Gas Traders Brace for Volatility

From tastylive.com

U.S. natural gas (/NG) rose about 1% through mid-day trading as an ongoing labor dispute in Australia lingers over the liquified natural gas market. So far, there is no official strike among workers at key LNG terminals throughout Australia, but the threat of such walk-offs has caused hoarding behavior among importers and mid-stream companies. The market should gain more clarity over the coming weeks, with talks between labor leaders and Woodside taking place on Aug. 23. The following day, workers for Chevron’s (CVX) Gorgon and Wheatstone facilities will face a ballot deadline, which, if approved, would authorize a ... (full story)

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  • Category: Technical Analysis