Natural Gas Confirms Uptrend Continuation
Satendra Singh | May 23, 2018 12:44PM ET
Since my last natural gas analysis, I find that the natural gas futures look to confirm their continuity on an upward voyage by maintaining their sustainable appearance above the first uptrend line. The pending inventory report – compared to the last week’s data – will keep natural gas bulls happy. I think Thursday's report will remain well below expectations for 92 B due to growing demand of natural gas for electricity to meet the growing cooling demand during the upcoming summer season.
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