Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Natural Gas: Hurricane Support Could Propel Bullish Sentiments

BySatendra Singh
Published 11/13/2020, 05:29 AM
Updated 07/09/2023, 06:31 AM

On analysis of the movements of gatural has futures, in different time frames, I find that the natural gas bulls look too aggressive since the two storms near the Gulf of Mexico are still active. Hurricane ETA is moving near the west coast of Florida. There is a second storm in the Caribbean that has a 30% chance of forming a tropical cyclone according to the National Oceanic Atmospheric Administration.

Natural Gas Futures Weekly Chart

Natural Gas Futures Daily Chart

Natural Gas Futures 1 Hr. Chart

Disclaimer: The author of this analysis does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk; as Natural Gas is one of the most liquid commodities of the world.

Latest comments

this dope still at it, was wondering the massive hit on ng price, he ia a great fade
with your kind advise , i done opposite and make $700+ .;)
Amazing prediction once again. Always looking forward for your guidance and do the opposite of what your analysis. You are like the Kryptonite to NG. It crashes every time you say it's moving up.
Price is not moving same day it's taking time..buyers still not thinking positive they are losing the battle unfortunately looking at short term weather forecast I am surprised that why they are so short term focused while still its november...one important thing we are not even considering that during the rule of democrats in past where the price was maintained for natural gas..we are also not looking at US lng exports increase during last few years..
I hope you right at this time
if it doesnt go 10% UP today , you should take a retirement .
I think you should take a retirement
Of course NG 30 $You know best about NG
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.