Natural Gas Technical Report for January 12, 2017

    9 months agoByDavid Becker

    Natural gas prices whipsawed but was unable to recapture resistance near the 200-day moving average at 3.255.  Prices surged up to the January highs near 3.35, but failed to hold on to gains.  Support is seen near the January lows at 3.12 per mmbtu. Warmer than normal weather is forecast to cover most of the United States over the next 8-14 days which should reduce natural gas demand and generate headwinds for prices. Traders await Thursday inventory report scheduled to be released by the Department of Energy.

    Momentum remains negative as the MACD (moving average convergence divergence) index is printing in the red with a downward sloping trajectory which points to lower prices.


    SymbolLast PriceChangeChart

    Live Quotes

    Top Promotions
    Top Brokers

    FX Empire - the company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as link result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.
    FX Empire may receive compensation from the companies featured on the network.

    All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. FX Empire bears no responsibility for any trading losses you might incur as link result of using any data within the FX Empire.