June natural gas prices showed bullish reversal action after yesterday’s early selloff to $2.50. That upside action has carried over into this morning’s action, and that helped June natural gas register a higher high this morning. Yesterday’s EIA storage report showed a larger than expected weekly injection of 61 bcf. Continue Reading…

Nymex June natural gas prices are trading modestly higher Friday, after enduring some volatile price action during U.S. traded hours. June natural gas futures ended the session lower Thursday, selling off from a 3 month high, pressure by some profit taking from recent strong gains. Continue Reading…

June Natural prices climbed to a new high for the move during the initial morning hours but could see some back and fill action ahead of this morning’s EIA storage data. The market has experienced a level of support on expectations that this week’s storage injection would run short of year ago levels. Continue Reading…

Nymex June natural gas prices are trading higher Thursday extending gains from a strong previous session. June natural gas futures posted a 2.5 month high amid supportive supply and demand fundamentals and expectations for another light weekly inventory build. Continue Reading…

June natural gas prices traded higher during the initial morning hours, building off of yesterday’s bullish outside day reversal. In fact, the early gains were challenging last week’s high of $2.531 at the time of writing. Continue Reading…

Nymex June natural gas prices have remained stable during the Asian session Wednesday, although prices are currently trading near their lowest levels at $2.507 slowly grinding off from the session high of $2.527. Continue Reading…

June natural gas prices broke down to a new five day low overnight but appear to be stabilizing during the early morning action. Yesterday’s decline broke a five day winning streak and seemed to encourage a round of profit-taking. Continue Reading…

June natural gas prices are on a higher track this morning and appear to be in the process of challenging last week’s high of $2.531. The natural gas market has seen a five day winning streak, helped by fundamental signs that the market might be tightening. Continue Reading…

Hedge funds and other large investors cut bullish bets on rising commodity prices by the most since November as risk-off sentiment in the wake of the Greek election eased the appetite for higher risk assets. Continue Reading…

Gold is reaching a key pivot point that will dictate its medium to long-term technical outlook (and probably for macro markets as well). USD1,522 represents a crucial support for two Elliott Wave counts. Holding as support will be bullish evidence but breaking will shift the probabilities in favour of our preferred scenario: a fall towards USD1,200. Continue Reading…