Natural Gas Price Today: According to preliminary figures for Natural Gas futures markets from CME Group, open interest and volume went up by around 8.2K contracts and by around 34.2K contracts, respectively, on Wednesday.
Natural Gas yesterday settled up by 17.7% at 159.6 as demand rose for exports of liquefied natural gas (LNG), and weather forecasters boosted expectations for hot weather and cooling demand next week.
MCX Natural Gas Tips – Above 142 Buy Target 158—162 – Neal Bhai
US shale oil production shut-in announcements have increased materially in the past two weeks. And after the record setting negative WTI contract move on Monday, we are likely to see even more pronounced shut-in announcements in the coming weeks.
Opec and Russia agreed on Thursday to make deep cuts to oil production, ending a weeks-long market-share war that put further pressure on prices already reeling from the biggest demand collapse in history.
NATURAL GAS MCX Blast 💥💥💥💥 121 To 135.90, I told you Buy 500—1000 Lots, ENJOY 🔥🔥🔥🔥
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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.