By FX Empire.com
Natural gas prices gained on Wednesday on expectations of cold weather conditions in parts of central and eastern of the United States next week, which provided natural gas prices with bullish momentum on expectations of higher demand for the heating fuel.
Traders will be following the EIA report for natural gas stockpiles on Thursday, where the EIA report is expected to show that inventories increased by 110 billion cubic feet, and the EIA report will be the major market mover on Thursday.
Thursday October 20:
At 14:30 GMT, The EIA will release the weekly natural gas storage change for the week ending October 14, where the report is expected to show that inventories increased by 110 billion cubic feet, compared with the prior increase by 112 billion cubic feet.
Read more Weekly Forex Analysis here.
