Description
Natural gas prices face a crucial test as today's EIA storage report approaches. With U.S. inventories slightly above seasonal averages but South Central storage running below normal, could tighter regional supplies support a rally toward $3.30?
This Henry Hub natural gas forecast examines the risk of a gap-filling pullback toward the 50-day EMA, $2.90 or $2.80. A daily close above $3.10 could instead confirm renewed bullish momentum toward $3.30, while warmer November weather remains a potential headwind.
For the full article:
https://www.fxempire.com/forecasts/article/u-s-natural-gas-storage-report-to-test-a-narrow-seasonal-cushion-1641278/
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