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Natural Gas Price Fundamental Daily Forecast - Series of Big Injections Coming That Will Shrink Storage Deficit

From fxempire.com

Natural gas futures are trading slightly higher on Wednesday after rebounding from early session weakness. The price action suggests the buying may be greater than the selling at current price levels, probably due to oversold technical conditions. Bearish traders could also be reluctant to short into weakness this close to major support at $2.578 to $2.574. At 11:16 GMT, June natural gas futures are trading $2.622, up $0.005 or +0.19%. According to NatGasWeather for April 17 to April 23, “Warming conditions will spread across the Great Lakes, Ohio Valley, and East the next few days with highs of 60s & 70s gaining ... (full story)

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  • Category: Fundamental Analysis