After four days of going down, NYMEX Natural Gas is flat today, hovering around $2.17

NYMEX Gas trades at $2.17 per MMBtu, after ending yesterday at $2.17.

United States Initial Jobless Claims is next today at 12:30 UTC.

This uncertain state for US Natural Gas is reflected by published market data as United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was five. 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) came out at 51.9, while a consensus of analysts was expecting 51.8.

Technical analysis trend indicators suggest 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. Analysis based on the asset volatility indicates that US Natural Gas's upper Bollinger Band® is at $2.43 and the lower is $2.

Overall, technical indicators suggest NYMEX Gas has no obvious direction for the immediate future.

Meanwhile, mixed performances are seen in other Energy as Brent Crude Oil trades close to $72.76, with no major change. Crude Oil trades around $68.88, with no major change.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as tomorrow at 12:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 180,000 from the preceding figure of 236,000. United States Initial Jobless Claims expected to decline to 240,000 while its preceding data was 230,000, data will be available today at 12:30 UTC. United States Unemployment Rate projected to decline to 3.6 while previous data was 3.5; data will be released tomorrow at 12:30 UTC.

8 months ago US Natural Gas reached a significant high of $9.68 but has consequently lost 77.58% since then.