Natural Gas Price Hits 2.5-Month HighNatural Gas Price Hits 2.5-Month High
As the XNG/USD chart shows today, natural gas prices have risen above $3.600/MMBtu for the first time since mid-July.
According to media reports, the rise in gas prices has been driven by:
→ Weather models forecasting colder conditions, suggesting the heating
Natural Gas: Buy The Rumor Sell The NewsNatural gas spiked higher in the morning session on a strong inventory report.
Natural Gas inventories came in at 53B vs 66B est.
This report is showing a greater demand likely due to the colder temps.
In the afternoon Natural Gas reversed from the highs and sold off.
Ending the day with a D
U.S. Gas prices recoverU.S. Gas prices recover
On September 29, natural gas finished higher, reversing earlier losses. Prices had initially been pressured by forecasts of warmer-than-normal weather in the coming weeks, but later gained support from other factors — including data showing stronger export demand for U.S. na
Natural Gas Triggers Bullish PatternNatural gas triggered and confirmed a daily chart breakout.
A technical inverse head and shoulders pattern can be observed.
Natural GAs is rallying on colder temperature forecast in the US.
Colder temps often yield more consumption.
Inventories are set to take place on Thursday...the daily 20
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LNG Week 40: 64 BCF Storage Boost Meets Cooling Demand Drop*Due to the platform's features, the charts are arranged in sequence from left to right, from the first to the Eighth chart.
Current prices compared to price dispersion 10 days before expiration by month since 2010
The next NGX25 contract is trading above the 10-day average level before expira
U.S. Natural Gas holds near 10-week highsU.S. Natural Gas holds near 10-week highs
U.S. natural gas futures hovered around $3.20/MMBtu, a ten-week high, supported by lower output. Production in the Lower 48 slipped to 107.4 bcfd in early September from a record 108.3 bcfd in August. The earlier supply surge fueled large storage injections
LNG:Storage Inventories Projected to Increase above 2024 Levels.*Due to the platform's features, the charts are arranged in sequence from left to right, from the first to the ninth chart.
Current prices vs. price spread 10 days before expiration by month since 2010
The expiration of the NGV25 contract is occurring near the 15-year median. The subsequent NG
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Displays a symbol's price movements over previous years to identify recurring trends.