MCX Natural Gas Forecast and Trading Tips For Today [17-03-2022]

MCX Natural Gas Forecast and Trading Tips For Today [17-03-2022]

National demand remains very light as warm conditions rule the southern US w/highs of 60s to 80s, while also relatively comfortable across most of the East w/highs of 50s to 70s despite a weather system bringing showers to the Mid-Atlantic Coast. A second colder system with rain and snow is tracking out of the Rockies and into the central Plains, then towards the Great Lakes Fri-Sat w/showers and highs of upper 30s to 50s. But with little subfreezing air anywhere in the US the next 7-days, national demand will be much lighter than normal

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Copper

Copper Prices CMCU3 Have Extended Their Sharp Recovery

Copper prices CMCU3 have extended their sharp recovery last week from the March lockdown lows of $4,371 to $7,973.5 a tonne, the highest since February 2013, buoyed by China’s solid demand and hefty investments by speculators amid monetary policy easing. views the current prices do not reflect fundamentals and the rally has been overdone.

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