Futures on natural gas (NATGAS) slipped significantly below $3 zone as new NOAA forecasts and Maxar Technologies geospatial data signals more cold weather for June 25-29 across the US East and Midwest. It may signal softer than expected air-conditiong demand at the end of the month. NATGAS reached 5-month highs last week, but sellers become more and more active above $3 / MBBtu resistance zone.
Source: Bloomberg Finance L.P. , NOAA
NATGAS erased almost all gains since last rollover at 18.06. and is losing almost 5% today, falling below $2.85 per MMBtu.
Source: xStation5
Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.
🟡Gold gains 1.2% ahead of Fed decision
🛢️US deal with the Houthis excludes Saudis, but Aramco fixes pipeline quickly. Why the drop in Brent crude?
Gold and Silver Rise Ahead of Fed Decision
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.