Expect Natural gas prices to trade positive — www.CommodityTips.Com
U.S. natural gas futures on Wednesday climbed higher on forecasts for hotter weather over the next two weeks and the possibility of a small, single — digit storage build or withdrawal. Analysts estimated utilities adde d 2 billion cubic feet of gas into storage during the much hotter — than — normal week ended July 29, the least for that week since at least 1993. Several analysts, however, forecast a small weekly storage withdrawal, which would be the first during the summer since 2006. Despite the smaller — than — normal injections, analysts still expected stockpiles will start the winter heating season in November at all — time highs due to the record amount of gas utilities left in storage at the start of the summer season in April.
Get best Commodity Natural gas calls on your mobile. Earn Daily lot of profit by using our commodity tips. Take a free trial of mcx trading tips on your mobile.