OctaFX | OctaFX Forex Broker
Open trading account
Back

Natural gas remains weak

FXStreet (Mumbai) - Natural gas prices remain weak after the weekly supply report showed rising stockpiles in the US. Meanwhile, ambiguous weather reports also pushed the commodity lower.

Natural gas is trading 0.68% lower at USD 3.77/mmbtu, after having failed to sustain above USD 3.8 levels. Yesterday, the prices had hit a low of USD 3.744 before the bargain hunting at lower levels pushed the prices higher.

Natural Gas Technical levels

Natural gas is trading near the support level of 3.76-3.74, below which prices can extend losses to 3.725 (July 2014 low). On the flip side, prices may rise to 3.85 if the resistance of 3.80 is breached.

Canada: CPI (Sep) rose 2.0% YoY

Headline consumer prices in Canada rose at an annual pace of 2.0% during September, in line with expectations. On a...
Read more Previous

Fed's Yellen: Economic inequality continues widening in the US

Speaking at the Boston Fed economic conference on Inequality of Economic Opportunity president Janet Yellen doesn't comment on moentary policy in her prepared remarks.
Read more Next
Start livechat