Nymex Natural Gas (NG) Despite breaching 50% retracement of 4.16 to 2.409 at 3.28, Natural gas’ sharp fall on Friday is still inline with the view that rebound from 2.409 is merely…
Category: Natural Gas
Weekly Fundamental Outlook for Energies and Metals – Consolidation in Crude Oil will Continue in Coming Months
Commodity prices rose modestly last week amid weakness in USD. Reuters/Jefferies CRB Index added +1.4% while USD Index plunged almost -2% to 76.6, the lowest close in a year. Commodities normally trade…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’ rebound from 2.409 extends further to as high as 3.33 and is now pressing 50% retracement of 4.16 to 2.409 at 3.28 and 55 days EMA…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) No change in Natural gas’ outlook. While some more recovery might still be seen, upside is expected to be limited below 50% retracement of 4.16 to 2.409 at…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’ recovery from 2.409 extends further and at this point, further rise might still be seen. But after all, upside is expected to be limited below 50%…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Consolidations in natural gas is still in progress and further recovery cannot be ruled out. But after all, upside is expected to be limited below 50% retracement of…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’ recovery from 2.409 is still in progress and some more rise could still be seen, to 4 hours 55 EMA (now at 2.811) and above. But…
Narrow Trading Across The Board. CFTC Commitments Of Traders Saw Significant Decline In Crude Net Longs
Commodity prices trade narrowly Monday due to Labor Day holiday in the US. Crude oil price edges slightly higher to 68.12 from Friday’s close of 68.02. This week’s focus is on OPEC’s…
Natural Gas Weekly Technical Outlook
Nymex Natural Gas (NG) Natural gas dropped sharply to as low as 2.409 last week, meeting mentioned target of 2.50 projection level before rebounding strongly. Break of 2.755 minor resistance suggests that…
Weekly Fundamental Outlook for Energies and Metals – Gold Shines Again While Crude Loses Glitter
Star of the week was obviously gold which broke out of recent broad trading range and set to resume the long uptrend with target above 1000. We find the rally impressive as…