Spot natural gas prices (CFDS ON NATURAL GAS) slightly rose in early trading on Tuesday, achieving new daily gains until the moment of writing this report. forextrade forextrading
Yesterday, US natural gas futures jumped 5%, after falling to a seven-month low earlier in the session, on the back of a technical recovery and expectations of higher demand.Major LNG outages include Berkshire Hathaway Energy's Oct. 1 shutdown of its Cove Point LNG export plant, which has a capacity of about 0.8 billion cubic feet per day, and Freeport’s terminal in Texas for unplanned operation after an explosion on June 8. / June.
Therefore, our negative expectations surrounding natural gas are still valid, as we expect a return of the price decline during its upcoming trading, especially throughout its stability below the 5.455 resistance level, to target the 4.214
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