View full page at energyexch.com

 

Natural Gas Price Fundamental Weekly Forecast – Some Heat in Forecast, but Not Enough to Dent Supply

From fxempire.com

Natural gas hit a multi-month low last week, but traders were able to claw back most of the loss. Last week’s two-sided trade was driven by forecasts showing building heat in long-range weather forecasts, a surprisingly large drop in feed gas deliveries to liquefied natural gas (LNG) facilities, an above-average storage injection and record production. For the week, September natural gas settled at $2.119, down 0.002 or -0.09%. The low volume and volatility last week has traders guessing if accumulation is taking place for one last late summer blow-off rally, or if distribution is taking place before a drive to ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis