NG:UNG:BOIL: Natural Gas Futures testing support

14 thg 10, 2020

Natural gas prices are testing support zone at $2.6-2.5. Price retracement on lighter US demand this week. However, LNG flows are back up to 7 bcf/d and are expected to keep increasing to 10 bcf/d later in October and November - December (NGI). Seasonal demand is expected to improve within the next 2 weeks. A cold shut this weekend, if confirmed, may change price action to bullish.