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Natural Gas Price Fundamental Daily Forecast - Traders Waiting for 11-15 Day Forecast Clarity

From fxempire.com

Natural gas futures are trading lower shortly after the regular session opening on Wednesday as the 11 to 15 day forecast continues to flip-flop between warmer and colder temperatures. However, there are some who refuse to sell, remembering last year’s surprise cold temperatures that sent prices skyrocketing into the first week of November. At 12:16 GMT, November natural gas futures are trading $2.280, down 0.008 or -0.35%. “…What the natural gas markets are likely to notice most is the added demand October 16-18 as a reinforcing cool shot follows to keep conditions a touch chilly across the Midwest and Northeast,” ... (full story)

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  • Category: Technical Analysis