Natural gas prices took a downside trend last week after the EIA report for natural gas inventories showed inventories declined below expectations, which put downside pressure on natural gas prices, while expectations of warmer than normal weather conditions continued to push natural gas prices lower, where expectations show that temperatures will be higher than normal for this time of the year.
The general trend for natural gas prices remain to the downside, accordingly, we should expect natural gas prices to drop further over the course of the week.
Highlights for this week that will probably affect the Natural Gas direction are:
Thursday, 14:30, The EIA will release the weekly natural gas storage change for the week ending April 8, where the prior report showed that natural gas inventories declined by 45 billion cubic feet.
Originally posted here
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