Analysis and Recommendations:
Natural Gas is trading at 2.864 adding 3.15% or 0.087 cents today, after breaking through the 3.00 price level late this week, the commodity saw investors selling off to take profit, as many traders had set a 3.00 take profit order on their trades. Markets dropped to 2.78 but surprisingly recovered to see Natural Gas continue to increase.
The National Weather Forecast continues to call for unseasonably high temperatures, and hopefully a surge in electricity. Natural Gas is used as a backup energy supply when electricity demands spike in the summer.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.
Natural Gas Weekly Update
Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time)
Weekly Natural Gas Storage Report
Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)