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Natural gas futures rose above $9 per MMBtu early Wednesday as LNG feed gas nominations jumped to 13.4 Bcf/d. Traders are positioning around the June contract expiration, and analysts see technical resistance levels in play.
The market is also awaiting an EIA storage report that showed an expected 92 Bcf injection.
Rising LNG feedgas and tight storage expectations support higher gas prices, which feed into fertilizer and energy costs for feed makers.
naturalgasintel.comMay 25, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
