EIA Natural Gas Change BCF: 87B (Forecast 84B, Previous 76B)
Natural gas futures slightly lose after the reading.
NATGAS (M30)
The Henry Hub Natural Gas (NATGAS) futures contract remains under bearish pressure, with prices trading below the 50-, and 200-period EMAs, confirming that sellers continue to dominate both the short- and medium-term trend. The market is currently testing a key support zone around 3.15, where buyers have repeatedly attempted to stabilize prices, but momentum remains weak as the MACD hovers below the zero line without a convincing bullish crossover. A decisive breakdown below this support could expose the contract to a move toward the 3.10–3.05 area, while any recovery would first need to reclaim the 200-period EMA to signal that bearish momentum is beginning to fade. Until then, rallies are likely to be viewed as corrective moves within the prevailing downtrend rather than the start of a sustained bullish reversal.
Source: xStation5
Daily summary: Gold surges 2%, Nasdaq drags down sentiments on Wall Street
US100 falls almost 2% 🚩 Semiconductor stocks plunge as SanDisk tumbles 13%
📈 Bitcoin climbs above $62K
Oil extends losses as easing Middle East tensions push prices toward $70
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
