EIA Natural Gas Change BCF: Actual 49B (Forecast 50B, Previous 72B). Inventories still rise and stay significantly above the 5-year average which may be a stopper for investors that would follow a seasonal pattern that indicates an upward trend at leat to mid-August.
Gas inventories are significantly above 5-year average. Source: EIA
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
NATGAS continues its sell-off, the second day in a row. The nearest support is located close to 2.5 USD/MMBTU which is also near the lower limit of upward trend channel. It is important to notice that the price decreases despite seasonality which indicates upward trend at least to mid-August. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
