Nautral Gas prices are rising today ahead of US EIA inventories data scheduled at 3:30 PM BST. Markets expect that inventories will drop to 27 bcf vs 34 bcf previously reported and significantly below 5-year average of 51 bcf. Export of natural gas from Russian Gazprom felt first time this year, on a yearly basis. Hotter than expected September weather across the US signal more positive short term catalysts for natural gas prices.
Source: Bloomberg Financ L.P.
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NATGAS test upper resistance zone of the current price channel at $2.25 per MMBtu.
