yesterday settled up by 1.02% at 297.7 on soaring global gas prices that should boost U.S. liquefied natural gas (LNG) prices. That small price increase came despite forecasts for less hot weather and lower air conditioning demand next week than previously expected. In Texas, meanwhile, less hot forecasts caused the Electric Reliability Council of Texas (ERCOT), the grid operator for most of the state, to lower its peak demand forecasts for the next week to below the high for the year hit.
Data provider Refinitiv said gas output in the U.S. Lower 48 states had slipped to 91.5 billion cubic feet per day (bcfd) so far in July, due mostly to pipeline problems in West Virginia early in the month. Refinitiv projected average gas demand, including exports, would drop from 95.6 bcfd this week to 91.5 next week on expectations for less heat and air conditioning demand. The amount of gas flowing to U.S. LNG export plants has averaged 10.8 bcfd so far in July, up from 10.1 bcfd in June but still below April's 11.5-bcfd record. U.S. pipeline exports to Mexico have averaged 6.5 bcfd so far in July, down from a record 6.8 bcfd in June.
Technically market is under fresh buying as the market has witnessed a gain in open interest by 29.72% to settled at 15080 while prices are up 3 rupees, now Natural gas is getting support at 289.7 and below same could see a test of 281.6 levels, and resistance is now likely to be seen at 302.2, a move above could see prices testing 306.6.
# Natural gas trading range for the day is 281.6-306.6.
# Natural gas prices gained on soaring global gas prices that should boost U.S. liquefied natural gas (LNG) prices.
# Speculators, cut their net long positions last week for a second week in a row.
# U.S. natural gas storage is expected to end the April-October injection season at 3.550 trillion cubic feet (tcf) on Oct. 31, the lowest since 2018
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sir can you provide the web link details to get the natural gas dataLike 0