Gas Prices Thaw Below $3: Why Warmer Weather Has Traders Watching Support Levels Titelbild

Gas Prices Thaw Below $3: Why Warmer Weather Has Traders Watching Support Levels

Gas Prices Thaw Below $3: Why Warmer Weather Has Traders Watching Support Levels

Jetzt kostenlos hören, ohne Abo

Details anzeigen

Über diesen Titel

 https://www.instagram.com/vanessaclarkipai

This is your Daily Natural Gas Price Tracker with Vanessa Clark podcast.

Hey friends, welcome back to Daily Natural Gas Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on natural gas prices, whats driving the market, and some smart tips to help you stay ahead.

Right now, the March NYMEX natural gas futures contract closed at 2.985 dollars on Monday, February 23rd, according to Sprague Energy. Thats down from recent highs, with the April contract at 2.921 dollars, as warmer weather forecasts ease heating demand across the US. Economies.com notes the price is testing key support around 3.000 dollars, with bearish waves pushing it lower despite some bullish signals from indicators like stochastic. Energy Intelligence reports US gas futures dipped below 3 dollars for the first time since mid-October, thanks to mild outlooks and storage levels about 2.8 percent below last year per the latest EIA report.

Heres the big picture: After a wild January rally from cold snaps and record storage withdrawals of 360 billion cubic feet, production is rebounding to 109.7 billion cubic feet per day. LNG exports hit 20.2 billion cubic feet, near records, but thawing weather and high supply are capping gains. FXEmpire analysis highlights ongoing selling pressure as we roll into the low-demand spring season.

For you listeners, heres your actionable takeaway: If youre trading or hedging, watch that 3.000-dollar support closely. A break below could target 2.850 dollars, per Economies.com, so consider protective stops. Homeowners, with prices soft, its a good time to lock in fixed-rate plans before any late cold snaps. Producers might eye bounces near 2.75 dollars for short-term buys, but stay cautious in this bearish setup.

Thats your daily natural gas update, packed with the freshest info to keep you informed. Thanks for tuning in, friends, grab that subscribe button, and Ill catch you next time for more on natural gas price tracker trends. Take care!

For more http://www.quietplease.ai

Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai
For some deals, check out
https://amzn.to/4hSgB4r

This content was created in partnership and with the help of Artificial Intelligence AI
Noch keine Rezensionen vorhanden