In the present video, David Jones from Capital.com talks about natural gas in August 2020. He starts the video by discussing the performance of the commodity, including the plunge to a multi-year low earlier this year and the recent sharp rebound. He then explains the reasons behind such moves. Next, David lists important support and resistance levels. He then follows with charts of the commodity, demonstrating long and short trends and explaining what technical indicators say. While in the short term natural gas has downside potential, David decides to bet on the longer-term bullish trend and to set up a buy order. If you found this video useful and want to see more videos like this one or if you want to see a commodity … [Read More...]
Natural Gas Pares Gains on Weekly Supply Build, Moderate Weather
Natural gas futures are paring their gains on Thursday after the US government reported a slightly bigger-than-expected increase in domestic inventories. The so-called bridge fuel had rallied as much as 3% before the release of the report, but prices have fallen on US supplies and weather forecasts. September natural gas futures picked up $0.012, or 0.51%, to $2.163 per million British thermal units (btu) at 14:48 GMT on Thursday on the New York Mercantile Exchange. Natural gas prices are on track for a weekly slide of nearly 2%, lowering their year-to-date losses to 0.78%. According to the US Energy Information Administration (EIA), domestic natural gas inventories surged by 58 billion cubic feet in the week ending August 7. This roughly matches the market expectation of … [Read More...]
Natural Gas Extends Gains Despite Larger-Than-Expected Supply Build
Natural gas futures are extending this week’s massive gains on Thursday, despite the US government reporting a larger-than-expected build in domestic inventories. With most of the US bracing for a heatwave, natural gas prices have skyrocketed over the last week, making investors bullish on the bridge fuel. September natural gas futures advanced $0.045, or 2.05%, to $2.238 per million British thermal units (btu) at 14:42 GMT on Thursday on the New York Mercantile Exchange. Natural gas is on track for a weekly spike of more than 22%, bringing its year-to-date rally to nearly 3%. According to the US Energy Information Administration (EIA), domestic natural gas stockpiles increased by 33 billion cubic feet in the week ending July 31. This is bigger than the market forecast … [Read More...]
Natural Gas Joins Broader Market Drop As Supply Drop Matches Estimates
Natural gas futures are slumping on Thursday after the US government reported that domestic inventories fell in the last week. The decline in natural gas prices toward the end of the trading week came as the energy sector witnessed an ocean of red ink. Is this the start of a market correction, or are investors taking profits? September natural gas futures tumbled $0.056, or 2.85%, to $1.875 per million British thermal units (btu) at 14:44 GMT on Thursday on the New York Mercantile Exchange. Natural gas is on track for a weekly gain of more than 5%, but it is still down 14% year-to-date. According to the US Energy Information Administration (EIA), domestic natural gas inventories increased by 26 billion cubic feet in the week ending July 24. … [Read More...]