TAG: co-natural-gas
Natural Gas Price Forecast: Bearish Reversal Signals Pullback
Natural gas triggered a daily bearish reversal on Tuesday as it fell below Monday’s low of 2.155. A daily bearish shooting star candlestick pattern was generated on Monday. It points to a pullback that may be short lived. Today’s price range establishes a...
2 months ago
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back As Traders Take Profits After Rally
Natural GasNatural Gas 130824 Daily ChartNatural gas pulls back as traders take profits after the strong rebound from August lows.If natural gas settles back below the $2.15 level, it will head towards the nearest support, which is located in the $2.00 –...
2 months ago
Natural Gas and Oil Forecast: WTI Nears $79; Upward Channel Signals a Buy?
Market OverviewOil prices rose on Wednesday, driven by a larger-than-expected draw in U.S. stockpiles, as reported by the American Petroleum Institute. U.S. oil inventories dropped by 5.2 million barrels in the week ending August 10, far exceeding expecta...
2 months ago
Will Gold Prices Hit Another All-Time High In August?
Gold Stable Ahead of Inflation Data: Fed’s Rate Hesitancy and Recession Warnings IntensifyGold prices are currently holding steady in wait-and-see mode as traders turn their attention to this week’s highly anticipated U.S Inflation figures for clues on th...
2 months ago
Natural Gas News: Futures Flat as Traders Weigh Weather-Driven Demand Forecast
U.S. Natural Gas Futures Steady as Weather-Driven Demand LoomsU.S. natural gas futures remained flat on Wednesday as traders evaluated the potential for increased weather-driven demand. This follows a mixed performance on Tuesday, where futures ended lowe...
2 months ago
Natural Gas Price Forecast – Natural Gas Continues to Levitate
Natural Gas Technical AnalysisThe natural gas markets have been sideways for several days and I think at this point in time, we are starting to question whether or not we have enough momentum to continue to go higher. If the market can break above the $2....
2 months ago
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Crude Inventories Rise
Natural GasNatural Gas 140824 Daily ChartNatural gas made another attempt to settle above the resistance at $2.25 – $2.30 as traders prepared for the EIA report, which will be released tomorrow.In case natural gas climbs above the $2.30 level, it will hea...
2 months ago
Natural Gas Price Forecast: Poised for Bullish Continuation After Trend High
Natural gas triggered a potential upside continuation on Wednesday as it rallied to a new trend high of 2.276 before pulling back intraday. It is set to complete a higher daily high and higher low following an attempt at a bearish retracement that began y...
2 months ago
Natural Gas and Oil Forecast: WTI Eyes $77.25; Will Trendline Support Spark a Buy?
Market OverviewOil prices rose slightly on Thursday, driven by optimism that potential U.S. interest rate cuts could stimulate economic activity and fuel demand. This followed a more than 1% drop on Wednesday, prompted by an unexpected rise in U.S. crude...
2 months ago
Natural Gas News: Prices Edge Higher as Traders Eye Bullish EIA Report
Natural Gas Futures Rise as Traders Eye Crucial EIA Storage DataU.S. natural gas futures are gaining momentum as traders anticipate the Energy Information Administration’s (EIA) weekly storage report, which is set to be released today at 14:30 GMT. Market...
2 months ago
Natural Gas Price Forecast – Natural Gas Continues to Find Buyers
Natural Gas Technical AnalysisThe natural gas markets continue to show a lot of noise out there, and we do continue to see buyers coming in on dips. The last two weeks have been about a certain amount of recovery. And I think at this point, we might be tr...
2 months ago
EIA Natural Gas Report Reveals A Surprise Storage Draw
On August 15, 2024, EIA released its Weekly Natural Gas Storage report. The report indicated that working gas in storage decreased by 6 Bcf from the previous week, compared to analyst consensus of +43 Bcf.At current levels, stocks are 209 Bcf higher than...
2 months ago
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Traders Focus On U.S. Economic Data
Natural GasNatural Gas 150824 Daily ChartNatural gas pulls back despite the bullish EIA report, which indicated that working gas in storage declined by 6 Bcf from the previous week.In case natural gas pulls back below the $2.15 level, it will head towards...
2 months ago
Natural Gas Price Forecast: Bullish Momentum Grows, Targeting Key Resistance Levels
Natural gas triggered a bullish trend continuation signal on Thursday, following Wednesday’s new daily closing high for the advance. For the past couple of days, it has been attempting to solidify a breakout above the interim swing high of 2.27. That swin...
2 months ago