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Natural Gas Price Prediction - Profit Taking Following Inventory Release Weighs on Prices

From fxempire.com

Natural gas prices moved lower on Thursday mid-day as traders took profit following an in line inventory report released earlier in the day by the Department of Energy. The trajectory of injections remains subdued which will put the US at a year over year deficit when the withdrawal season begins on November 1. There are no tropical cyclones in the Atlantic or the Caribbean. The weather is expected to be colder than normal for most of the mid-west and east coast for the next 2-weeks according to the latest forecast from NOAA. Natural gas prices reversed course mid-day on Thursday following an inventory report from ... (full story)

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  • Category: Technical Analysis