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Natural Gas Prices May Rise on Temperature Outlook, Chart Setup

Natural Gas Prices May Rise on Temperature Outlook, Chart Setup
2020-12-14 03:00:00
Thomas Westwater,
Analyst
Natural Gas Prices, Weather Outlook, Technical setup – Talking Points
Natural Gas prices move higher on colder weather outlook
EIA inventory levels remain elevated vs. five-year average
Technical outlook looks bullish, but scope for gains capped
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Natural gas prices are seeing a bullish start to the week as colder weather is expected across the southwest United States over the next two weeks. A larger draw in inventories last week is likely adding some fuel to the upward movement as well. The technical picture appears bullish in the short run, but the path higher sees resistance on the horizon. ....

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Oilfield Services Firms Gaining Value

Check out this review of oil and gas market hits and misses for the week ending Dec. 11, 2020.
(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.)
A gauge of the market capitalization of oilfield services (OFS) companies has risen markedly since late-October, indicating an uptick in the sector. Read on to learn about this encouraging development, along with other recent oil and gas market trends.
Rigzone: What were some market expectations that actually occurred during the past week – and which expectations did not? ....

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