View full page at energyexch.com

 

Natural Gas Price Prediction – Prices Whipsaw Following Cold Weather Forecast

From fxempire.com

Natural gas prices gapped higher but was unable to recapture resistance and slid into the close of the trading session. Colder than normal weather is expected to cover most of the west coast and the mid-west over the next 6-10 days and 8-14 days. Production remains strong and the rig count is declining which should help buoy prices. Inventories remain near the lower end of the 5-year average range for this time of year. Technical Analysis Natural gas prices gapped higher on the open climbing as high at 8% before running into resistance near the 10-day moving average at 2.71. Prices came off into the close of the ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis