Nymex Natural Gas (NG) Natural Gas rose sharply to as high as 3.90 last week before turning sideway. The strong rebound sent daily MACD back into positive territory and argues that a…
Tag: Natural Gas
Weekly Fundamental Outlook for Energies and Metals – Crude’s Rally Derailed from Fundamentals Again
Strength in stock markets and decline in USD were the major reasons for the rises in commodities. In the US, Dow Jones Industrial Average climbed +2.2% to settle at 9820 while S&P…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) With 4 hours MACD crossed below signal line, an intraday top should be in place at 3.90. Intraday bias in Natural gas is turned neutral for the moment…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’ rise from 2.409 extends further today and at this point, intraday bias remains on the upside as long as 3.321 minor support holds. As discussed before,…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) With 2.912 minor support intact, further rebound in natural gas could still be seen. However, there is no confirmation of reversal of the larger down trend as long…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’ rebound from 2.409 resumed and reached as high as 3.50 so far. At this point, intraday bias is mildly on the upside as long as 2.912…
Commodities Under Pressure as USD Rebounds and Pace of Recovery May Slow
Crude oil price remains under pressure in European morning on stock markets’ decline and USD’s rebound. As recent price rallies have brought risky assets’ valuations to stretched levels, investors have become extremely…
Risk Aversion Returns amid Trade Protectionism
Crude oil price extends last Friday’s weakness and slides to 68.5 in Asia Monday as driven by decline stock markets and rebound in USD. Recent rallies in commodity and stock markets have…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) As discussed before, rebound from 2.409 is likely completed at 3.424 already. Intraday bias in natural gas is mildly on the downside for the moment. Break of 2.744…
Natural Gas Weekly Technical Outlook
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…