Get started
Thomaswestw

US NatGas Hits Trendline - Fundamentals Likely to Buoy Prices

Natural Gas Futures (NYMEX:NG1!)  
Thomaswestw  
NYMEX:NG1!   Natural Gas Futures
Trend Lines Beyond Technical Analysis natgas Natural Gas Natural Gas LNG
0
0
trendline beyondta natgas naturalgas ng1! lng
US natural gas futures (Henry Hub) are under pressure following a sharp surge higher, pinging former trendline support before easing. Prices may remain elevated, given colder-than-average temps expected to last through next week from the Ohio Valley to the Southeast US. Meanwhile, Europe continues to source a high amount of US LNG cargoes amid a supply crunch and looming Ukraine/Russia tensions. Volatility is likely to continue in the short term.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.