Crude oil trades below 70 in Asia Monday as Friday’s employment data fueled concerns on economic recovery. Weakness in stock market despite renewed decline in USD suggests investors are refraining from taking…
Tag: Natural Gas
Natural Gas Weekly Technical Outlook
Nymex Natural Gas (NG) Initial outlook remains neutral this week as sideway consolidation from 4.975 might continue. Nevertheless, as noted before, natural gas has likely bottomed at 2.409 already. Downside of the…
Weekly Fundamental Outlook for Energies and Metals – Commodities Consolidate as Economic Outlook is Mixed
Most of the commodities gyrated within their recent trading range last week as the broad market outlook remained mixed. After a sharp fall to the lower end of the range in the…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’s pull back from 4.975 is still in progress and intraday bias remains neutral for the moment as some more consolidations could be seen. Nevertheless, as discussed…
Commodity Prices Retreat As Disappointing Eco Data Sent USD Higher
Although crude oil added +0.3% to settle at 70.82 Thursday, trading momentum was weakened as the US reported a series of disappointing data. Investors worried that economic recovery might not come as…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Intraday bias in natural gas is turned neutral for the moment and some consolidations might be seen. Nevertheless, as discussed before, a bottom should be formed at 2.409…
Natural Gas Daily Technical Outlook
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…
Commodities Strengthen as IMF Upgrades Credit Market Outlook
Crude oil price rebounds above 67 in European morning as USD retreats. IMF’s improved outlook on global credits, strong China PMI and Japan industrial output data also revive market expectations on economic…
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….