Page 6 - Gas Intelligence News Today

forecasts Natural Gas Price Fundamental Daily Forecast -10-15 Day Forecast Calls for Steadily Freezing ConditionsNGI is reporting that Bespoke anticipates EIA to report to a draw of 140 Bcf for the week-ended January 22. Jan 28, 2021 11:57 AM GMT Natural gas futures are trading lower shortly before the regular session opening at 13:00 GMT and the release of the government’s weekly storage report at 15:30 GMT. In the meantime, bullish traders are hoping for the late season winter weather to in...

forecasts Natural Gas Price Fundamental Daily Forecast – Weather Driven; Strengthens Over $2.678, Weakens Under $2.630NatGasWeather called it “a messy” pattern this week “as numerous weather systems track across the country with rain and snow. Jan 26, 2021 01:58 PM GMT Natural gas futures are edging higher for a second session on Tuesday on expectations of a jump in heating demand over the near-term and forecasts calling for colder temperatures into the weekend and possibly the first we...

Technically, the key support zone is $2.552 to $2.485. The major resistance zone is $2.794 to $2.918.

The natural gas storage report from the EIA for the week ending December 11th indicated that the quantity of natural gas held in underground storage in the US had decreased by 122 billion cubic feet to 3,726 billion cubic feet by the end of the week, which left our gas supplies 284 billion cubic feet, or still 8.3% higher than the 3,442 billion cubic feet that were in storage on December 11th of last year, and 243 billion cubic feet, or 7.0% above the five-year average of 3,483 billion cubic fe...