The EIA production data and short term weather forecast will
put pressure on the Natural gas prices.
Production is expected to remain high
and weather might as well change, therefore I am not expecting price to rally.
Natural gas will trade around 185 to 195.
Based on the price action and technical selling we could a
bit of upside trend sustaining a momentum over 190.
 |
| Crude Oil Forecast |
I could suspect a trade bound trade today from 188 to 193
With Crude Oil inventories jumping to 3.8 million barrels,
more than what was expected, there would a pressure on prices.
For intraday traders, it will be better to short Crude at
4640 with target of 4550 and SL of 4700.
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