Natural Gas MCX Trading Tips : Blast As Expected, Target Was 180—192, Watch High 184.20 Paisa Vasool – Neal Bhai
Natural Gas Trading Tips : MCX Natural Gas Price Above 165 Real Blast Target 180—192, Buy on Dips – Neal Bhai Reports
Natural Gas Short-Term Weather Outlook
According to NatGas-Weather, “Hot conditions continue across the western and southern U.S. with highs of 90s and 100s, hottest in California and the Southwest. Weather systems with showers and comfortable highs of 70s to 80s will bring light demand to the Midwest, Mid-Atlantic, and Northeast.
Warmer temperatures will gain coverage over the eastern half of the U.S. this weekend into early next week with highs of lower 90s returning across the East Coast.
Overall, strong demand in the western half of the U.S. and moderate for the eastern half. “
Natural Gas Daily Forecast
Keep an eye on the spot market with sizzling temperatures in California and into the interior Pacific Northwest driving extensive cash price gains across the West on Monday, with local utilities and power grid operators struggling to keep pace with demand.
The National Weather Service (NWS) said a strong ridge of high pressure aloft was expected to reach peak intensity Monday, driving record heat across the western United States. Actual high temperatures were forecast to soar well past the century mark for the hottest locations in the interior Pacific Northwest, while temperatures in some areas of the Desert Southwest were to exceed 120 degrees.
The strong ridge is expected to weaken starting Tuesday, but only moderately. This could start to put pressure on spot prices, which could drag down national prices.
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