US Natural Gas trades at $2.17 per MMBtu, after ending yesterday at $2.17.
United States Initial Jobless Claims is next.
NYMEX Gas's state is reflected by market data as United States Interest Rate came out at 5.25, while a consensus of analysts was expecting 5.25. Highly important Crude Oil Inventories data from United States beat analyst expectations of -1.1 million with a reading of -1.28 million. United States ISM Non-Manufacturing PMI (Apr) released yesterday at 14:00 UTC with a figure of 51.9, while the previous figure was 51.2.
Trend-focused traders would be interested to note that the MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. Asset volatility analysis shows that Natural Gas's upper Bollinger Band® is at $2.43 and the lower is $2.
Overall, technical indicators suggest US Natural Gas has no obvious direction for the immediate future.
Meanwhile, mixed performances are seen in other Energy as Brent Crude Oil moves up 0.98% to trade around $73.04. Crude Oil is up 0.73%. Heating Oil trades close to $2.24, with no major change.
Moreover, United States Non Farm Payrolls projected to decline to 180,000 while previous data was 236,000; data will be released tomorrow at 12:30 UTC. Today at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 240,000 from the preceding figure of 230,000. As things stand, upcoming United States Unemployment Rate data is projected to fall short of market expectations with newly published data of 3.6, following on from the preceding figure of 3.5. New data is set to be published tomorrow at 12:30 UTC.
Having set a significant high of $9.68 8 months ago, NYMEX Natural Gas is trading 77.58% lower.