Description
Natural gas prices remain under pressure as warmer U.S. weather forecasts limit expectations for heating demand. Although national inventories sit above seasonal averages, regional storage deficits and potential European LNG demand offer some support.
This Henry Hub natural gas forecast examines the cautiously bullish outlook despite weak technical momentum, with a potential dip toward $2.70 before buyers return. Thursday's EIA storage report could help determine whether the market is approaching a bottom or facing further weakness.
For the full article:
https://www.fxempire.com/forecasts/article/henry-hub-natural-gas-storage-cushion-meets-a-regionally-uneven-weather-outlook-1642251/
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