After closing the previous trading day at $2.31, NYMEX Gas is up to $2.35 per MMBtu, which makes for a move of 1.74%/4 cents today.
United States's Pending Home Sales new data released of -5.2% below its previous figure.
This move comes while some more positive signs for Natural Gas are out as highly important Initial Jobless Claims data from United States beat analyst expectations of 248,000 with a reading of 230,000.
On the flip side, following a previous reading of 0.8%, Pending Home Sales in United States released today at 14:00 UTC fell short of the 0.5% figure expected by analysts with an actual reading of -5.2%. GDP in United States fell short of market expectations (two) with a reading of 1.1, continuing the decline from the previous figure of 2.6.
Trend-focused traders would be interested to note that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $2.37, thereby suggesting that Natural Gas is becoming overvalued.
All in all, the technical analysis suggests NYMEX Natural Gas has no clear-cut direction.
Other Energy are showing mixed performance as Crude Oil moves 0.43% to trade around $74.62. Brent Crude Oil moves 0.3% to trade around $77.95.
Also worthy of note, United States Core PCE Price Index (MoM) (Mar) scheduled to come out tomorrow at 12:30 UTC.
US Natural Gas has fallen back around 76.19% from the significant high of $9.68 set 8 months ago.
