Natural Gas Commodity News – BrokersEDGE – DAW Trading 4-26-18

Natural Gas (June)

Yesterday’s close: Settled at 2.807, down 0.006

Fundamentals: Today’s storage expectations are for a draw ranging from -11 bcf to -14 bcf. This is expected to be the last draw before injection season and weather is expected to take a pleasant turn over the coming days. Price action will trade more technically, but we are beginning to join the camp that pullbacks should be bought in anticipation of a hotter than expected summer.

Technicals: Price action is knocking on the door of major three-star resistance but has remained contained so far; a move out above here will likely pave the way to $3. We do not see tremendous value buying here but are looking for such on pullbacks.

Bias: Neutral

Resistance: 2.8169-2.837***, 2.93**, 3.00***

Support: 2.66-2.69** 2.486-2.532****

For more information please contact DAW Trading at or at 877-329-0006 and visit us at


Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. DAW Trading (“DAW”) uses various outside sources for research material regarding futures and options on futures trading therefore the views and opinions expressed in this letter may not necessarily reflect the view of DAW or its staff. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to DAW.

Sign Up for BrokersEDGE

Talk to a broker

DAW Trading