Bearish US Natural Gas mostly flat today, trading at $2.4

Natural Gas is on a 6 day downtrend Today is looking a bit better: NYMEX Natural Gas trades at $2.4 per MMBtu, after ending yesterday at $2.4.

United States GDP is next today at 12:30 UTC.

NYMEX Gas's state is reflected by market data as United States Crude Oil Inventories published yesterday at 14:30 UTC came out at -12.46 million, falling short of the -920,000 projections and continuing its decline from the previous 5 million figure. United States 5-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.749, while the previous figure was 3.5. United States Cushing Crude Oil Inventories came out at 1.76 million, while a consensus of analysts was expecting 804,000.

Furthermore, the market is looking at United States Pending Home Sales is projected to outperform its last figure with 0.5%. It previously stood at -5.2%; data will be released today at 14:00 UTC. Projections for United States Core Durable Goods Orders are set for a continuation of decline with 0% while previous data was 0.2%; data will be released tomorrow at 12:30 UTC. United States GDP projected to come out at 1.1 — worse than previous data of 2.6; data will be released today at 12:30 UTC.

Having set a significant high of $9.68 9 months ago, NYMEX Natural Gas is trading 75.23% lower.