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29.06.2020 NATURAL GAS Daily Analysis

Today Natural Gas is trading on 1.598usd and it went up with 3.50 percent. Natural gas futures plunged to a multi-month low last week after a huge

Yazar: editor_1

Yayınlanma: 29 Haziran 2020 17:54

Güncellenme: 16 Kasım 2024 13:13

29.06.2020 NATURAL GAS Daily Analysis

NATURAL GAS 1.598usd, +0.054, +3.50% Today Natural Gas is trading on 1.598usd and it went up with 3.50 percent. Natural gas futures plunged to a multi-month low last week after a huge government storage build seemingly blew out the last of bullish cowboys on Thursday. The next session was surprisingly calm with no follow-through to the downside. The price action suggests that investors have already shifted their focus away from the abundant supply to another factor and that think factor is the weather as more forecasters have adjusted their short-term predictions to account for hotter temperatures during the next 7 to 10 days period.
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