Natual Gas Price High 144.70 Near My 2nd Target Price 158 – Neal Bhai
NATURAL GAS TRADING TIPS : Natural Gas MCX – Above 114 Target 134—158, Any Panic Buy 500-100 Lots
Read moreNatual Gas High 144.70 Near My 2nd Target Price 158 – Neal Bhai
Natural Gas Tips
Natural Gas MCX – Above 114 Target 134—158, Any Panic Buy 500-100 Lots
Natural Gas MCX – Above 114 Target 134—158, Any Panic Buy 500-100 Lots
Natural gas prices moved lower on Thursday, declining slightly more than 2% following a smaller than expected draw in natural gas inventories.
Read moreNatural Gas MCX – Above 114 Target 134—158, Any Panic Buy 500-100 Lots
MCX Natural Gas Prices Short Covering Rally, Support Level 149.50
MCX Natural Gas prices settled up 0.33% at 153.2 on forecasts calling for a little colder weather in late January despite a government report showing a smaller-than-expected storage draw last week.
MCX Natural Gas (NG) JACKPOT Tips Buy CMP 157.60 Target Open – Neal Bhai
Natural Gas (NG) surged as weather forecasts turned cooler which could boost heating demand, and on short-covering.
Read moreMCX Natural Gas (NG) JACKPOT Tips Buy CMP 157.60 Target Open – Neal Bhai
Is There More Hurt Ahead for Natural Gas or Can It Heat Up?
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.”
Read moreIs There More Hurt Ahead for Natural Gas or Can It Heat Up?
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.