Ξεπούλημα …
September 7, 2018
EURUSD couple of Head and Shoulders patterns with different outcomes….
September 9, 2018

Natural Gas on the Nymex had a negative week as price broke down, closing 4.92% lower than the week before, at $2.77. Trading volumes are back at normal while last EIA’s weekly storage report pressed the price further on 63 Bcf build. Summer is over for Canada and the Lower 48, demand will be moderate for the next couple of months and a bearish sentiment is more probable since trade agreements, regarding future U.S. LNG exports, do not seem to affect the price positively yet. Price approaching the lower band of this range bound so, ideally, I would like to see a bounce before selling it again. We are already 6% lower than a month before and 3% than a year ago. Oversupply is a major issue in terms of new rigs and future projects, yet, working gas in underground storage remain 19% lower than the 5year average. Stronger Dollar against major currencies as well as tropical cyclones and disturbances forecasts will have to be monitored closely during the next few weeks, as the figures regarding the U.S. Natural Gas seasonality feature are yet to be confirmed and stabilized. 4hour and daily MACD and RSI offering our entry opportunities.