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Natural Gas Price Fundamental Weekly Forecast - Weakens Under $2.622, Strengthens Over $2.706


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Natural Gas Price Fundamental Weekly Forecast – Weakens Under $2.622, Strengthens Over $2.706The price action the past three weeks suggests the direction of the May natural gas market will be determined this week by trader reaction to $2.622.
2 hours ago (Apr 04, 2021 11:08 PM GMT)
Natural gas futures edged lower last week as a late-session cold snap provided some support as well as firm liquefied natural gas (LNG) exports and a somewhat bullish U.S. Energy Information Administration (EIA) weekly storage report.
Last week, May natural gas futures settled at $2.639, up $0.020 or +0.76%.
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As far as the weather is concerned, helping to underpin prices was a report from the National Weather Service (NWS) that said record-cold high temperatures may be in store for parts of the Southeast northward to the Northeast through the weekend. ....

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