Here is our next video about Natural gas price update. Natural gas July rose 26% since July 1st in what has been a volatile month. Heat waves and dry conditions bolstered demand and Natural gas price. At the same time, US announced production rose just 94 Bcf and 96 Bcf – below the 97 Bcf that analysts expected to see by July.
According to the Natural gas July update, Freeport, the second-biggest U.S. LNG export plant consuming about 2 billion cubic feet per day (bcfd) of Natural gas, shut on June 8. The facility is expected to return around Oct. 22 but the updated natural gas analysis shows the outage could last longer. That is supposed to weigh on Natural gas surge.
Watch the full video for our take on Natural gas analysis updated and a deeper insight into what to expect in the months ahead from our Natural gas prediction. Drop us a line in the comments with your thoughts on Natural gas forecast today.
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00:00 Intro
01:40 Natural gas price on the rise
04:43 Natural gas support and resistance
05:05 Natural gas technical analysis
09:08 Recap
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16 Comments
.Nat gas in USA, mideast, is abundant, the fundamentals does not support these high levels here. Monetary policy caused inflation and speculation does. I don't think LNG facilities can be expanded quickly enough to save Europe from a very cold winter, having little impact on supply in USA.
The Big Question: Why is Europe shuttering nuclear power plants while needing to, and must, reopen coal plants, why didn't Europe long ago diversify energy supply? I have never understood the thinking on Europe's energy policy decisions that has caused today's mahem.
Hey David — /NG Natty gas – Awesome trade this yr — Daily Chart Inverse H&S pattern goin on – upside watch 7.527 50sma Key RES level IF cleared then 8.027 the neckline of the H&S pattern — IF cleared then 8.118 – 8.146 – 8.267 – 8.382 — downside watch 7.144 fri high – 7.10 8sma wkly – NOW the 8sma crossed above the 21sma & is headed up a bullish sign that should provide Support on any sell off`s — LONG BOIL from 40 flat 2500shrs –TNX`s for the Vid David
Thank you sir.
Natural gas drop because I decided to trade….😊
Watch the fun when winter comes, uncle Vlad will hold all the aces, as will savvy traders but I currently trade NG both ways long and short and am ambivalent to noise and propaganda news designed to empty YOUR pockets
It might never see 6.50 for years now. You sense the market was pushing it artificially low but now the political incompetence in the EU will be brought to the fore.
As I remember David set up stop loss last time in the range which was crossed so he lost his trade. Do not be so sure what will happen next, volatility is the key word here, and lots of surprises are on the way, no one expected that Freeport will be under fire, we should be already around 11-12$ for the gas. Definitely will go higher but might also turn down for a while. 6,50? I believe will happen very soon for a while.
Saw this today, wow! Makes for great trading!
Had a small long-trade i gas that I wanted to adjust the stop-loss for, down to 5.10, but weren't allowed because the stop-loss was to far away from the market price… Maybe better to give a warning about the distance being big, than to not allow it? (I am allowed to have NO stop-loss, and stop-loss at 5.5, but not at 5.1…)
Thanks for the update!
long ung
been in heatwave 100+ for a month in central USA and no relief in sight
Refinery and processing facility fires in the last few weeks hasn't helped either.
Hello
It’s crashing in the next 2 years! Mark my words
LNG not LPG
You have shown – order placed. please also show how you placed stop loss and how you trailed it too till exit.