Nymex Natural Gas (NG) Outlook in natural gas remains unchanged. A bottom should be formed at 2.409 already and further rise is still expected as long as 3.635 support holds. Current rebound…
Category: Natural Gas
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Developments in Natural gas continue to indicate that it has bottomed out at 2.409 already. Further upside is still expected as long as 3.635 support holds. Current rebound…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) While upside momentum in natural gas might be diminishing with bearish divergence conditions in 4 hours MACD, further rise is still in favor with 3.733 minor support intact….
Commodity Prices Remain Soft in Asia Monday
Although still trading above 65, crude oil’s near-term outlook remains weak as investors worry about energy consumption. Decline in stock prices in Asia market and rebound in USD exert additional pressure on…
Natural Gas Weekly Technical Outlook
Nymex Natural Gas (NG) Natural gas’s rally extended further to as high as 4.035 last week and remains firm. Upside momentum might be diminishing a bit but further rise is still expecvted…
Weekly Fundamental Outlook for Energies and Metals – Crude is Prone to Head Lower As We Enter the Shoulder Season
The themes directing commodity prices remained to be USD, macro economic outlook and equity markets. The dollar index sank deeper earlier in the week as market sentiment continued to improve. Moreover, as…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’ rise is still in progress and should be target 4.162 resistance. As discussed before, break there will solidify the case that it has bottomed out in…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Break of 3.90 resistance suggests that rise from 2.409 is resuming. Further rally should be seen to test on 4.162 key near term resistance. Break there will solidify…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) No change in natural gas’s sideway trading from 3.90 continues. Some more consolidation might be seen but further rise is still in favor as long as 3.321 support…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Intraday outlook in Natural gas remains neutral as sideway consolidation from 3.90 is still in progress. Nevertheless, further rise is still in favor as long as 3.321 support…