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Natural Gas Price Fundamental Daily Forecast - Supported by Forecast for Cold Temps Until Nov. 18

From fxempire.com

Natural gas futures are trading higher on Friday shortly before the regular session opening. Traders are shrugging off yesterday’s government report which showed a larger-than-expected storage injection. The move proves that traders are not paying attention to past data, but looking forward to future demand due to weather concerns. At 0945 GMT, December Natural Gas futures are trading $3.581, up $0.038 or +1.07%. To recap Thursday’s events, the market posted its third two-sided trade since Monday’s gap-higher opening, however, it held up relatively well, given the release of a government report that showed a ... (full story)

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  • Category: Fundamental Analysis