By FX Empire.com
Natural gas prices rose for a second day on Tuesday on forecasts of colder-than-average weather conditions in the Southern of the United States, which led to speculations of rising demand for natural gas as a heating fuel, and accordingly, natural gas prices rebounded to the upside.
Traders are likely to continue their attention on weather developments, where weather forecasts suggest temperatures will be below than average over the coming period, and that could boost natural gas prices, while the EIA report is expected to show that natural gas stockpiles rose to a record high last week, which could lead prices to fluctuate.
Thursday November 23:
At 17:00 GMT, The EIA will release the weekly natural gas storage change for the week ending November 18, where the report is expected to show that natural gas stockpiles increased by 21 billion cubic feet, compared with the prior report increase by 19 billion cubic feet.
Originally posted here
