US natural Gas prices rebounded after three days of losses, supported by a smaller-than-expected storage build. Lower inventory growth may signal tighter supply dynamics in the weeks ahead, ING’s commodity experts Ewa Manthey and Warren Patterson note.
Natural Gas MCX Sell Between 140 -142 with stop loss at 149 for Intraday + Positional target 132— 127— 124
Gas rises as EIA reports smaller-than-expected build
“US natural Gas prices settled higher yesterday, ending a three-day streak of downward pressure on prices. The Energy Information Administration reported yesterday that US natural Gas storage increased by 23 bcf over the last week, which was lower than the 27 bcf increase the market was expecting and below the 5-year average increase of 30 bcf.”
