MTECHTIPS;-Natural Gas Price Fundamental Daily Forecast – Looking for Move into $2.865 to $2.833

MTECHTIPS;-Natural Gas Price Fundamental Daily Forecast – Looking for Move into $2.865 to $2.833

MTECHTIPS-Natural gas futures are trading lower early Monday. The price action suggests long speculators may be finally taking profits in response to record production levels and average temperature forecasts. At 0821 GMT, October Natural Gas futures are trading $2.909, down $0.040 or -1.36%. According to the U.S. Energy Information Administration (EIA), U.S. natural gas in storage increased by 33 Bcf to 2.387 Tcf during the week-ended August 10. The build was slightly more than the consensus estimate for a 30 Bcf addition. The injection fell well short of the 49 Bcf build reported during the corresponding week in 2017 and less than the five-year average addition of 56 Bcf, according to EIA data. Stocks were 687 Bcf, or 22% less than the year-ago level of 3.074 Tcf and 595 Bcf, or 20%, less than the 5-year average of 2.982 Tcf Current data from S&P Global Platts Analytics show that dry gas production has averaged 78.2 Bcf/d thus far this year, which is 6.2 Bcf/d greater than this time last year. Platts went on to further say that it projects dry gas production to average 81.7 Bcf/d for the next two weeks

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MTECHTIPS;-Crude Oil Prices – Weekly Outlook: August 20 – 24

MTECHTIPS;-Crude Oil Prices – Weekly Outlook: August 20 – 24

MTECHTIPS-Oil traders will stay focused on a host of bearish factors currently affecting the crude market in the week ahead, after prices suffered yet another weekly loss last week.U.S. WTI crude posted its seventh straight weekly drop on Friday, marking its worst losing streak in three years, falling 2.5%.Brent, the global benchmark, meanwhile suffered its sixth week of declines in seven, sliding 1.3%.Worries that oversupply would weigh on the U.S. market and that a trade dispute between the United Stated and China would slow economic growth and hurt demand for oil have been at the forefront recently.Traders said the demand outlook for oil was also dimming due to economic trouble in Turke potentially spreading across emerging markets.Reports of faster supply increases from major global producers are also putting downward pressure on the market after the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers led by Russia agreed in June to ease production curbs to make up for lost supplies out of Libya, Venezuela and Iran

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MTECHTIPS;-Crude Oil Prices – Weekly Outlook: August 20 – 24

MTECHTIPS;-Crude Oil Prices – Weekly Outlook: August 20 – 24

MTECHTIPS-Oil traders will stay focused on a host of bearish factors currently affecting the crude market in the week ahead, after prices suffered yet another weekly loss last week.U.S. WTI crude posted its seventh straight weekly drop on Friday, marking its worst losing streak in three years, falling 2.5%.Brent, the global benchmark, meanwhile suffered its sixth week of declines in seven, sliding 1.3%.Worries that oversupply would weigh on the U.S. market and that a trade dispute between the United Stated and China would slow economic growth and hurt demand for oil have been at the forefront recently.Traders said the demand outlook for oil was also dimming due to economic trouble in Turke potentially spreading across emerging markets.Reports of faster supply increases from major global producers are also putting downward pressure on the market after the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers led by Russia agreed in June to ease production curbs to make up for lost supplies out of Libya, Venezuela and Iran

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MTECHTIPS-INVEST 1 lac. & EARN UPTO 10,000/- DALIY

MTECHTIPS-INVEST 1 lac. & EARN UPTO 10,000/- DALIY

• 2-3  live recommendations on a daily basis.
• Proper follow ups of calls with Timely Entry and Exit with Stop loss.
• 24/7 customer support.
• Timely news and market information update.
• Calls will be provided via SMS only.
• Higher return with less number of trade.
• Quality based calls no quantity based.
• Profit would depend totally on the client trading appetite. 
• Follow-ups & News Information.
• Commodity Market overview.
• We daily update our stock tips past performance immediately after the market hours in 10-15 minutes.
• Join quarterly service & enjoy one month extra free service.

 

 

We provide two days of Free Trial of Share Market Tips in NSE Share Market. Register for free Intraday tips by filling the form below.

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Honest, Accurate and Sustainable Advice to increase your daily profits by 10,000/-. Avail the free trial offer today! Just fill the form and we will get back to you soon with the 24×7 support offering 99% Accuracy.

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