Natural gas: the weather speculation is replaced by report

By | June 25, 2015

The cost of natural gas may show growth in anticipation of the publication of the EIA report on changes in stocks of gas in the United States, the supply and demand over the past week. Speculation weather factors holding back until the quotations of the asset, as the players are concerned that the favorable weather can reduce gas consumption by energy companies, which today are the main consumers of the resource.

However, gas price remain at low levels, leaving the attractiveness of the transition generation from coal to gas. As a result, demand will persist, that will limit the drawdown price.

The price of natural gas fluctuates from June 19 $ 2.73 – 2.83. Exiting the trading range will determine the movement in the coming days. At the same time, based on the oscillators stored prerequisites for upward movement.

natural gas chart
Natural gas chart
Trading analytics

Natural gas (NG)   –   buy natural gas   –   Entry price: the overcoming Up 2,84. Goal: 2,92. Stop loss: 2,77.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee the results obtained.

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