By Elliott Wave International Natural gas rallied 40% in the last two months. Is the cleaner alternative to crude oil braced for another big move to the upside? EWI’s Senior Analyst Jeffrey…
Tag: Natural Gas
Investors Take Profits After Relentless Rallies in Commodities
Crude oil price continues hovering at year-high level in European morning as the market awaits the inventory report. Apart from this report, there’s not much industry-specific data that investors can rely on…
Sentiment Returns and Commodities Surge
Crude oil price rallied to a 7-week high at 73.84 Monday as driven by strong equity market and weak USD. While market sentiment once again pushed oil closer to the key resistance…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Intraday bias in Natural Gas remains neutral for the moment and some more consolidation might be seen. Nevertheless short term outlook will remain bullish as long as 4.351…
Commodities Edge Higher on a Quiet Day
Crude oil rises to 72.15 in Asia Monday. However, trading volume is thin as Japan, US and Canada markets are closed on holidays today. Last Friday, Dow Jones Industrial Average climbed +4%…
Weekly Fundamental Outlook for Energies and Metals – Industry Experts Raised Demand Outlook on Oil
After the RBA’s rate hike at the October meeting, biggest topic in the market has been ‘who’s the next central bank in the developed world to tighten monetary policy?’. While analysts have…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) No change in natural gas’ outlook so far. While some more sideway trading might be seen, further rise is expected with 4.351 minor support intact. Current rebound from…
Commodities Strengthen as USD Slides
Crude oil price hovers around 70 in European morning as weakness in USD boosts demand for commodities. Stock markets continue to advance after RBA’s rate hike Tuesday as this signaled economic recovery….
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas is staying in tight range today and some sideway trading might be seen. But after all, further rise is expected with 4.351 minor support intact. Current…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’s rise lost some steam after taking out 4.975 but after all, further rise is expected with 4.351 minor support intact. Current rebound from 2.409 is still…