Future prices for natural gas “fell to a one-month low on Friday after plunging more than 12% for the week. The commodity Natural Gas is currently trading around $2.34 per million British thermal units, which is nearly 50% below where it traded a year earlier. It’s down 21% for 2019.”
Free MCX Natural Gas Tips
Natural Gas Strong production combined with a much warmer outlook over next couple of weeks puts bears in firm control of the market
Until more convincing cold starts showing up in the models, downside risk will outweigh upside potential.
Russia switches on gas mega-pipeline to China as Putin touts closer ties
Russia switched on an enormous gas pipeline to China worth billions of dollars Monday, affirming increasingly close economic and political ties between the two countries.
MCX Natural Holding Call : Buy And So Jaao, Ultimate Target – 207—224— 245 – Neal Bhai
Natural Gas prices rebounded in yesterday’s session settled at 184.70 up by +0.49% following a larger than expected draw in natural gas inventories according to a report from the Department of Energy.
Long Term MCX Natural Gas Target 212—224—254 Buy on Dips
Long Term MCX Natural Gas Target 212—224—254 Buy on Dips
Natural Gas on MCX settled down 1.82% at 194.1 on forecasts for moderating weather and declining heating demand over the next two weeks.
Natural Gas $5.00 Level Should be Massive Resistance – Neal Bhai Reports
I believe that rallies are still to be sold, as the $5.00 level should be massive resistance. If we can break above there, then I think the market would take off to the upside very violently, but I think it’s very unlikely to happen.
Natural Gas Futures Extend Gains After EIA Reports First Weekly U.S. Supply Decline of the Winter Heating Season
The U.S. Energy Information Administration reported Wednesday that domestic supplies of natural gas fell by 134 billion cubic feet for the week ended Nov. 16, marking the first weekly decline of the winter heating season.