MCX Natural Gas yesterday settled up by 3.48% at 433.7 on forecasts power generators will burn more of the fuel this week than previously expected and as record global gas prices keep demand for more U.S. liquefied natural gas (LNG) exports strong.
Natural Gas Trading Tips: Natural Gas yesterday settled down by 1.82% at 382.4 on projections for slightly lower consumption through next week, but soaring global rates burnished the outlook for prices and kept them on course for a fourth straight weekly gain.
Natural Gas yesterday settled up by 5.53% at 385.3 on forecasts for higher demand next week than previously expected, as air conditioning use remains strong in many parts of the country and heating demand starts to pick up in other areas.
MCX Natural Gas yesterday settled up by 7.79% at 362.5 driven by a bullish mix of expectations for higher demand due to warmer weather projections and sustained outages due to storm Ida while also tracking a rally in global gas prices.
MCX Natural Gas yesterday settled up by 0.29% at 341.7 as significant output remained offline in the aftermath of Hurricane Ida, exacerbating supply concerns in an already tight market.
Natural Gas MCX Tips Today: Natural Gas yesterday settled up by 1.52% at 300 as forecasts continued to signal hotter weather over the coming weeks than previously expected, which tends to increase gas demand for cooling.