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Natural Gas Price Fundamental Daily Forecast - Short-Term Cold Snaps Followed by Prolonged Period of Milder Temperatures

From fxempire.com

Natural gas futures are trading nearly flat on Thursday as investors await the latest storage report from the U.S. Energy Information Administration (EIA) on Friday. At the same time, traders are dealing with weather reports that are indicating short-term cold snaps, followed by milder temperatures. This is helping to hold the market in a range. At 1010 GMT, January natural gas futures are trading $4.426, down $0.043 or -0.96%. Essentially, we have a market that is being underpinned by a storage deficit and time. The storage deficit is well documented, while time represents the winter season and cold temperatures ... (full story)

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  • Category: Fundamental Analysis