Here is our updated video about Natural Gas price analysis August 2021. Natural gas price August has shown volatility, experiencing swings from $4.2, down to $3.73 lows.
Natural gas futures are trading 1.55% today at $3.92 as of 1:54 pm UK time, slightly supported by expected rise in temperatures in the US in the next few days, however it is expected to be short-lived.
According to the Natural Gas price analysis, EIA reported last Thursday that domestic supplies of natural gas rose by 46 billion cubic feet for the week ended August 13. Natural gas price, however, is highly affected by the situation in Europe.
Inventories there are at their lowest levels in a decade and Russia has been flowing less gas to the continent, setting it for a very difficult winter if freezing temperatures hit. As per the Natural gas chart, the price is sitting now on a bearish trend line on the H4 chart that started August 9th so a pullback might be on the way next if it fails to breach above.
Watch the full video for our take on Natural gas in August 2021 and a deeper insight into what to expect in the weeks ahead from our Natural gas analysis. Drop us a line in the comments with your thoughts on the Natural gas in August.
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