"Arctic Blast Drives Natural Gas Prices Above $3, Narrowing US Storage Surplus"

1 min read
Source: FX Empire
"Arctic Blast Drives Natural Gas Prices Above $3, Narrowing US Storage Surplus"
Photo: FX Empire
TL;DR Summary

Natural gas has rallied but faces resistance at $3.33, driven by a storm in the Northeastern US. The market is thin and prone to exaggerated moves due to major players. Futures markets are pricing in February and March, signaling a drop in demand as temperatures rise. Short-term trading opportunities may arise, but the long-term outlook remains bearish due to oversupply. The analyst is waiting for signs of exhaustion to start shorting, with a projected range of $2 to $3.33.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

2 min

vs 2 min read

Condensed

79%

38579 words

Want the full story? Read the original article

Read on FX Empire