Natural Gas futures price seems ready to move upward once again during the Week of July 9th, 2017. President Donald Trump’s comments in Warsaw, Poland, where he attended a meeting of the Three Seas Initiative, an effort by 12 Central and Eastern European nations to increase trade, infrastructure and energy ties, seems to be a big step for liberalization of the use of natural gas all over the Europe.
This step from the President Donald Trump may enhance export of U.S. natural gas to more European nations very soon which will further reduce the worries of storage of growing natural gas stock in the days ahead. No doubt that the export of natural gas may take some time to grow, but this seems to be a strong effort in the direction of providing a good support to the declining price of the natural gas with the growing production all over the World.
I conclude that the natural gas futures price will no more be weather announcement dependent only after enhance possibilities of growing export ahead. A good stability in natural gas futures price will reduce the appearance of sudden Gaps ahead, especially on the opening sessions of the Week which makes reluctant most of the natural gas futures traders to carry their positions on weekly closing. No doubt, volatility may grow ahead for some more days but once the natural gas futures price attains stability, all the moves will only be technically motivated.
Have a nice trading week.
