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Natural Gas Price Prediction – Prices Tumble Despite In Line Inventory Draw

From fxempire.com

Natural gas prices tumbled on Thursday, despite an inline draw of inventories according to the department of energy. Inventories are below the 5-year average range for this time of year, but prices are well below the 5-year average price. Mid-west inventories are also now below they where last year at the same time of year. The weather pattern remains in place where the weather over the next 2-weeks is expected to be colder than normal throughout the west coast and warmer than normal through out most of the east coast. Natural gas prices dropped 3.4% tumbling to support near a horizontal trend line that equal the ... (full story)

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  • Category: Technical Analysis