Description
Natural gas prices are attempting to establish support near $2.80, but warmer U.S. weather forecasts and inventories above seasonal averages continue to limit bullish momentum. Regional storage deficits and international LNG shipping concerns add uncertainty to the outlook.
This natural gas forecast examines the risk of further downside if weather demand disappoints, the potential for dip buying near $2.80 and why a breakout above $3 would strengthen the bullish case. Thursday's EIA storage report could be a key catalyst.
For the full article:
https://www.fxempire.com/forecasts/article/natural-gas-tests-2-80-support-as-warm-forecast-limits-optimism-1642541/
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