Skip to main content

NATURAL GAS PRICE FUNDAMENTAL DAILY FORECAST- TRADERS BRACING FOR EIA STORAGE REPORT

http://WWW.JOHNSONCOMMODITY.COM

For More News Updates

Call / Whatsapp @8859919842,7618594985

Natural gas futures are trading lower early Thursday, following yesterday’s sell-off and ahead of today’s U.S. Energy Information Administration’s (EIA) weekly storage report. The report is expected to show a build which falls in line with the five-year average.

At 0826 GMT, October Natural Gas futures are trading $2.935, down $0.009 or -0.31%.

Bullish traders appear to be taking a breather ahead of the report as they react to falling spot prices. Cooler weather this week is responsible for this. A bullish developing weather pattern for the last week in August and the first week in September is helping to provide limited support for the deferred November to March winter strip.
Labels:

Comments

Post a Comment

Popular posts from this blog

Holi Special Offer!!!!By Tradelinecommodity.com India's No.1mcx Tips Provider Missed Call @:/8057046270/8923452051

H oli S pecial Offer!!!!By Tradelinecommodity.com  India's No.1mcx Tips Provider Missed Call @:/8057046270/8923452051 https://api.whatsapp.com/send?phone=918057046270 
Post a Comment
Read more

LIVE GOLD NEWS UPDATE BY TRADELINE@@India's No.1mcx Tips Provider Missed Call @:/8057046270/8923452051

PRECIOUS-Gold gains for 2nd day as dollar dips ahead of Fed meet Markets await outcome of U.S. Fed's March 19-20 meeting * Gold specs trim net longs for a third straight week * SPDR gold holdings slip on Friday * Palladium trading near last session's record peak (Adds comments, updates prices) By Swati Verma March 18 Gold prices rose for a second str aight session on Monday, as the dollar slipped after sombre U.S. data increased chances the Federal Reserve will signal a dovish policy stance at its meeting this week. Spot gold rose 0.2 percent to $1,303.92 per ounce by 0804 GMT. U.S. GCcv1 gained 0.1 percent to $1,303.80.The U.S. Fed will begin its meeting on interest rates on Tuesday, which end s with a news conference on Wednesday.The narrative has completely changed. A y ear or six months back, people were talking about policy normalisation, and now to be accommodative. With the flow of U.S. data we had, it could be quite supportive for gold," said Hites...
Post a Comment
Read more

1st Class Premium Tips

1st Class Premium Tips  is Very Innovative Pack in which Traders Only Get Maximum Profit With Highest in Intraday Accuracy + Platinum Support. We Covers Two Major Trading Commodities Like Gold and Silver Commodities Up To 10 Lots.In This Package Trader Have Huge Chance To Make Maximum Profit Around Rs 20,000 - 50,000 Per Day in Multi Lot Trading in Mcx Market. for any query call no : 9720773999 www.myfirstprofit.co
Post a Comment
Read more