Natural Gas Prices Soar on Forecasts of Cooler Weather and Higher Heating Demand
Natural gas prices rose on Thursday.
Cooler Weather Forecasts Boost Heating Demand
Forecasts of cooler temperatures drove prices up.
Expert Trading Tips and Analysis for Natural Gas, Gold, Silver, Crude Oil
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Key Market Data:
- Natural gas prices rose 4.5% to $2.985/mmBtu
- US natural gas stockpiles fell 50 billion cubic feet
- Weather forecasts predict cooler temperatures
Market Outlook:
The current market sentiment is bullish for natural gas.
Technical Analysis: Natural Gas Prices
- Support levels: $2.90, $2.80
- Resistance levels: $3.10, $3.20
What’s Next for Natural Gas Prices?
Investors await weather updates.
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