Keypoints -
1. +48 Bcf EIA storage build beat forecasts and the 5-year average, signaling excess supply
2.U.S. dry gas production hit 108.1 Bcf/day
3.The next major downside level will be at $2.574. With fundamentals pointing to an oversupplied market and only short-term weather demand offering support, near-term sentiment remains bearish.
1. +48 Bcf EIA storage build beat forecasts and the 5-year average, signaling excess supply
2.U.S. dry gas production hit 108.1 Bcf/day
3.The next major downside level will be at $2.574. With fundamentals pointing to an oversupplied market and only short-term weather demand offering support, near-term sentiment remains bearish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.