Nat-Gas Prices Edge Lower on Expectations for Inventories to Build

Natural Gas Price Forecast: Gas Weakens as Key Support Levels Tested

50-Day Moving Average Provides a Guide Although price levels indicated by the moving averages can provide a guide, they are not as reliable in a consolidating environment as seen recently. The higher swing low at $3.44 shows a potentially more significant price level as it is part of a possible CD leg of a developing rising ABCD pattern (purple). Given the downward pressure shown today, that price level is at risk of being broken. Furthermore, w…

Nat-Gas Prices Edge Lower on Expectations for Inventories to Build

July Nymex natural gas (NGN25 ) on Wednesday closed down by -0.026 (-0.74%). July nat-gas prices on Wednesday added to this week's losses and fell to a 1-1/2 week low. Prices moved lower on ample nat-gas supplies and expectations for inventories to build. As of May 30, nat-gas inventories were...

Gas prices drop throughout region

GasBuddy reports the cheapest station in Modesto was priced at $3.89/gallon on June 9 while the most expensive was $5.41, a difference of $1.52/gallon.