Natural gas prices took an upside trend last week after the EIA report for natural gas inventories showed inventories rose below expectations, which put upside pressure on natural gas prices, while speculations of rising demand from the industrial sector throughout this year also supported prices.
Next week though we should expect prices to remain under pressure since expectations of warmer than normal weather conditions will put natural gas prices under pressure, where expectations show that temperatures will be higher than normal for this time of the year.
We should note that markets will be off on Friday due to the Good Friday holiday.
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 15, where the prior report showed that natural gas inventories increased by 28 billion cubic feet.
Originally posted here
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