Natural gas surged to 3.682 (FOREXCOM CFD), supported by yesterday’s inventory drop and the short-term cold weather forecast.
However, in the short term, if weather conditions normalize, we may see downward pressure on NG prices, with potential retracements to 3.400 and further to 3.300 levels.
However, in the short term, if weather conditions normalize, we may see downward pressure on NG prices, with potential retracements to 3.400 and further to 3.300 levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.