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Natural Gas Analysis: Attempted Wedge Breakout Amid Lower Eia Forecast - ActionForex
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Natural Gas Analysis: Attempted Wedge Breakout Amid Lower Eia Forecast - ActionForex
On 11 August, the US Energy Information Administration (EIA) lowered its forecast for the average natural gas price in the third quarter to $2.87 per million BTU — 50 cents below its previous estimate. The main reason is increased domestic production and inventories, which could create the largest stockpile in a decade ahead of the […] The post Natural Gas Analysis: Attempted Wedge Breakout Amid Lower Eia Forecast appeared first on ActionForex.
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