FXEmpire·3 min read
Natural Gas, WTI Oil, Brent Oil Forecasts - WTI Oil Gains 3% As Rally Continues
V
Vladimir Zernov
Natural Gas Retreats As Traders Focus On EIA ReportNatural Gas 151026 Daily ChartNatural gas pulls back as traders react to the EIA Weekly Natural Gas Storage report. The report indicated that working gas in storage increased by +67 Bcf from the previous week, compared to analyst forecast of +76 Bcf.At current levels, stocks are -143 Bcf less thatn last year and +45 Bcf above the five-year average for this time of the year.In case natural gas manages to settle below the $3.15 level, it will head towards the support at $3.00 – $3.05.
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