Natural gas began trading this new week with a significant bullish gap after a cooling wave in the United States spread across much of the country. As the latest NOAA data shows, the cooling in temperatures from average values over the next 6 to 10 days is primarily moving toward the East Coast, although the general extent of cooling is also extending eastward. west.
Nearly 60 million Americans were affected by severe snowstorm warnings on Sunday. Source: NOAA
Natural Gas (NATGAS) has consistently maintained a technical uptrend supported by the upward-sloping exponential moving averages (blue, purple and gold lines on the chart). Significant cooling in temperatures should support the price of this commodity in the coming days, although it is important to remember that gas stocks, on a cumulative scale, still remain in the 1 standard deviation region of the trading range of the last 5 years, so any big rise could be corrected by the market. Source: xStation
“This content is a marketing communication within the meaning of Article 24(3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/ 92/EC and Directive 2011/61/EU (MiFID II) The marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy. within the meaning of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Delegated Regulation (EU) 2016/958 of the Commission of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards regulatory technical standards relating to technical arrangements for the objective presentation of investment recommendations or ‘other information recommending or suggesting an investment strategy and for the disclosure of special interests or indications of conflicts of interest or any other advice, including in the field of investment advice, within the meaning of Article L321-1 of the Monetary and Financial Code. All information, analyzes and training provided are provided for informational purposes only and should not be interpreted as advice, a recommendation, a solicitation for investment or an inducement to buy or sell financial products. XTB cannot be held responsible for the use made of it and the resulting consequences, the final investor remaining the sole decision-maker regarding the position taken on their XTB trading account. Any use of the information mentioned, and in this regard any decision taken in relation to a possible purchase or sale of CFDs, is the exclusive responsibility of the final investor. It is strictly prohibited to reproduce or distribute all or part of this information for commercial or private purposes. Past performance is not necessarily indicative of future results, and anyone acting on such information does so entirely at their own risk. CFDs are complex instruments and carry a high risk of rapid loss of capital due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You need to make sure that you understand how CFDs work and that you can afford to take the likely risk of losing your money. With the Limited Risk Account, the risk of losses is limited to the capital invested.”
- -
