NEWS RELEASES
Editor's Note: This news item was retrieved and first published through FX Empire's website.
FX Empire reports on the natural gas market and price forecasts stating that they have gone back and forth and are now at very low levels. The report explains this is a sign that perhaps we may need to bounce a little bit, and that would make sense considering that there is a gap from yesterday's open. FX Empire writer, Christoper Lewis, relays in his article, "Temperatures in the United States are warmer than anticipated, and forecasters are now starting to talk about how the entire month of February is going to be warmer than usual. Factor that into a market that is highly oversupplied, and then it’s easy to see just how this market continues to be so weak." The $1.60 level is a massive support level on longer-term charts, and therefore it does make quite a bit of sense that it could cause a bit of reaction.For more info on the natural gas markets, view the full article.
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