Natural Gas (NG) Forecast, Page 1

Natural gas futures finished sharply higher last week, helped by strong physical prices, signs of early heating demand and below-average stockpiles. A short squeeze in Appalachia due to seasonal maintenance also helped prices surge.Helping to limit gains was a report that showed overnight Global Forecast data (GFS) “wasn’t quite as

Natural gas markets have exploded to the upside with a very long green candle. We broke above the shooting star from the previous week, showing signs of very bullish pressure, and it is of course the colder time of year where we could see a break out, but last year

Natural gas markets rallied during the day on Friday, ever so slightly. We gained the 0.1% by the time the Americans got done with the initial push. I think that the market is going to struggle above here though, because there is so much in the way of resistance near

Natural gas prices moved sideways after breaking out on Thursday as inventories remained in line with expectations but a cold weather forecast boosted future expected demand. Demand has already been climbing according to the EIA, as power consumption moved higher in the latest week. With NOAA forecasting colder than normal

Natural gas futures are trading lower early Friday after surging nearly 3 percent higher the previous session despite a bigger-than-expected storage build. Traders are attributing the solid gains to aggressive counter-trend speculative buying and massive short-covering. The move essentially caught weak short-sellers by surprise, encouraging them to pay anything for

Natural gas markets went back and forth during trading initially on Thursday, but as the report came out a little bit bearish, the market broke down through the $2.90 level, only to turn around and see massive buying. Looking at the chart, it’s obvious that the $2.90 level is important,

Natural gas prices surged higher and are breaking out, as colder than expected weather is expected to cover most of the United States over the next 8-14 days. Traders reacted positively to the in line build in natural gas inventories reported on Thursday by the Energy Information Administration. There is

Natural gas futures are trading higher shortly before the regular session opening and today’s U.S. Energy Information Administration weekly storage report. Although prices jumped earlier in the week on a bullish combination of increased demand and a drop in production, traders don’t expect these trading conditions to continue over the

GoldThe gold prices rallied again during the Wednesday’s session but it found $1210 level as too resistive to continue to go higher. The gold market is likely to continue to consolidate in the tight range of $1198 and $1210 until there is any significant improvement in the global macro situation.

Natural gas markets have tried to rally during the day on Wednesday but ran into a brick wall in the form of $2.95, which begins resistance all the way to the $3.00 above there. Because of this, I think it’s only a matter of time before we pull back, but

Natural gas prices moved lower on Wednesday, forming a bull flag pattern that is a pause that refreshes higher. There is a new disturbance in the southern Atlantic according to NOAA, but they only give this storm a 10% chance of turning into a cyclone. The weather is beginning to

Natural gas futures are trading slightly lower early Wednesday following a massive spike to the upside the previous session. The rally was fueled by a near-term rise in demand and a drop in production. This is something bullish traders have been hoping to see for weeks. The price action suggests

GoldThe gold prices rallied initially during the day on Tuesday but fell through because of the volatility in the currency as well as equity markets. The $1210 level above is offering massive resistance just as $1200 level underneath is offering strong support. The market will continue to hang around this

Natural gas markets rallied significantly during the trading session on Tuesday, breaking above the $2.87 level, and thereby making a fresh, new high. The market looks likely to continue to go higher, but I might wait for a short-term pullback in order to go long. After all, this is a

Natural gas prices surged higher on Tuesday as traders generated a relief rally which was predicated on the less than expected tariff on US imports that expected. Traders had expected a 25% tariff and instead only saw China announce a 10% tariff. While volumes of current contracted gas would not

Natural gas futures are edging higher early Tuesday as investors continue to react to the recovery in the Carolinas in the aftermath of Hurricane Florence and forecasts for warmer temperatures which should lead to increased demand. The limited price action suggests short-covering is taking place as buyers attempt to absorb

GoldThe gold prices rallied during the Monday’s session reaching towards the $1210 level. This area has been a lot noisier in the past few session and the market is facing extreme difficulty in moving higher. The trade war fears and strengthening of the USD will continue to be a major

Natural gas markets rallied significantly during the trading session on Monday, breaking above the $2.80 level with strong momentum and more importantly, volume. We are likely to start turning around as we were getting ready to switch over to winter months in the futures market, so therefore we start to

Natural gas prices rebounded higher and continues to trade in a tight range. There are few disturbances that could threaten infrastructure in the Gulf of Mexico, which has taken some of the wind out of prices.  Demand continues to remain subdued despite a tick up in residential demand due to

Natural gas futures are trading slightly better early Monday. The move represents a change in the fundamental outlook presented in our weekly forecast a little more than 24 hours ago. At that time, the impact of Hurricane Florence suggested that due to flooding concerns, there would be delays in restoring