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Natural Gas Price Weekly Forecast - Cautious Trade Ahead as Week Expected to Start with Mixed Weather Risks

From fxempire.com

Natural gas futures finished sharply lower last week as the extremely cold weather blanketing most of the country passed on and forecasts indicated a return to more seasonal temperatures. Data also shows the recent spike higher in prices was attributed to short-covering rather than aggressive speculative buying. Furthermore, weekly government storage data showed another injection with further delayed the start of demand season. Last week, January natural gas futures settled at $2.750, down 0.123 or -4.28%. The action last week indicated that milder trends drove prices lower at the start of the week, but a “gradual ... (full story)

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  • Category: Fundamental Analysis