Sat05192012

Last update01:17:20 PM

Back Displaying items by tag: Natural Gas

Energy markets were mixed on Wednesday after the EIA report on the US stockpiles. Moreover, easing tensions between Iran and the West removed supply-risk premium for crude and Brent oil.

Published in Commodities

Energy commodities were mixed amid inspiring manufacturing data from the US and China and increasing US oil stockpiles.

Published in Commodities

Energy commodities attempted to equilibrate waning supply risk premium and improving demand prospects.

Published in Commodities

Energy commodities were mixed on Monday with rising natural gas and crude oil and falling Brent and heating oil. Crude and Brent oil came under pressure as talks between Iran and six main economies are expected to bring positive results.

Published in Commodities

 

 

NATURAL GAS

Natural gas futures is trading at $ 3,107 per million British thermal units during the American session, trading at a very small range, we have a very strong support. 3.040( weekly support), we believe the pair may reach this level and then take upward force.

If you notice on the chart, natural gas has left a gap in its opening last week of December 12. is likely to have to close that gap before continuing its downward trend. Our goal for this exercise we will place short-term resistance in the second round of 3,383 weekly.

On the other hand, the Momentum indicator and range are showing oversold, signaling a possible rebound.

 

Performed by Gerardo Porras, Analytical expert
InstaForex Companies Group © 2007-2011

Published in Uncategorized
 

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