Natural Gas MCX Under Fresh Buying Zone – Neal Bhai Reports

Gold Silver Reports (GSR) — Natural Gas MCX Under Fresh Buying Zone – The fundamentals are bearish at this time and prices are likely to fall further if Thursday’s U.S. Energy Information Administration weekly storage report is bearish.

Yesterday Natural Gas Update : Free Natural Gas Live Tips – Above ₹ 200 We See Target ₹ 207 —— ₹ 217 – Neal Bhai Reports

The current weather forecasts are calling for warmer-than-average temperatures in the Northeast over the next two weeks, but this doesn’t appear to be enough to attract enough buyers to turn prices higher.   

Temperatures may retreat a little today, but could remain above average. Additionally, above-normal temperatures are also expected across the rest of the country over the same time period.

While according to the latest figures from Platts, U.S. dry gas production stood at 82 Bcf/d Tuesday, a drop of 800 MMcf on day. Production is estimated to average 82.2 Bcf/d over the next two weeks. – Neal Bhai Reports

Natural Gas MCX Under Fresh Buying Zone – Neal Bhai Reports via @goldsilverrepor
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