Natural Gas Prices Tumble as Larger Storage Build and Mild Weather Forecasts Reduce Demand
Natural gas prices fell on Thursday.
Larger Storage Build and Mild Weather Forecasts Fuel Natural Gas Price Drop
US natural gas storage increased 95 billion cubic feet.
Expert Trading Tips and Analysis for Natural Gas, Gold, Silver, Crude Oil
Our experts provide timely and accurate trading tips:
- Natural Gas Trading Tips: Consider selling natural gas futures.
- Gold Trading Tips: Monitor gold prices.
- Silver Trading Tips: Watch for breakout above $18.50.
- XAUUSD Trading Tips: Consider buying on dips.
- Crude Oil Trading Tips: Monitor oil supply.
Key Market Data:
- Natural gas prices fell 5% to $2.55/MMBtu
- US natural gas storage increased 95 billion cubic feet
- Mild weather forecasts reduced demand
Market Outlook:
The current market sentiment is bearish for natural gas.
Technical Analysis: Natural Gas Prices
- Support levels: $2.50, $2.40
- Resistance levels: $2.70, $2.80
What’s Next for Natural Gas Prices?
Investors await weather forecasts.
Sign up for our trading tips today!
Additional Sections:
How to Trade Natural Gas Amid Larger Storage Builds
Impact of Mild Weather Forecasts on Natural Gas Demand