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Natural Gas Price Prediction - Prices Rise to End the Week

From fxempire.com

Natural gas prices are attempting to move higher on Friday, as colder than normal weather is finally making its way into the northeast. The weather pattern is still warm for the southern portion of the United States, which will mean that weather might not play a significant factor in demand use. An agreement with China and the potential to use an increasing amount of LNG which will be exported could significantly increase natural gas demand. Natural gas prices are bounding above support which is an upward sloping trendline that comes in near 2.90. Resistance on natural gas is seen near the 200-day moving average ... (full story)

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  • Category: Technical Analysis