News

Natural Gas Futures’ Bullish Technicals Battle With Bearish Fundamentals

Natural Gas Intelligence · last updated

The heart of the shoulder season is offering mixed market signals for natural gas futures traders having to choose between bullish technical indicators and hefty a month of storage injections putting a bearish tinge on fundamentals.

Chart depicting the daily Henry Hub natural gas prices with trends and analytics from the NGI Natural Gas Index, showcasing pricing data and energy market trends in the US.

“Technicals indicate that the ongoing move higher could register further gains – and potentially reach $4.00/MMBtu,” EBW Analytics Group senior analyst Eli Rubin said. “Fundamentally, however, May may challenge a historic monthly injection” and any near-term rally.

Those supply pressures may already be showing up in trade.

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up