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June 01, 2023NYMEX Gas trades at $2.27 per MMBtu, after ending yesterday at $2.27.
United States ADP Nonfarm Employment Change (May) is next.
This uncertain state for US Natural Gas is reflected by published market data as United States JOLTs Job Openings (Apr) released yesterday at 14:00 UTC with a figure of 10.10 million, while the previous figure was 9.74 million. United States API Weekly Crude Oil Stock came out at 5.20 million, while a consensus of analysts was expecting -1.22 million. United States OPEC Crude Oil Production Algeria (Barrel) came out at 960,000.
Natural Gas's upper Bollinger Band® is at $2.6 and the lower is $2.11.
Despite muted price action in US Natural Gas, chart analysis indicates it is positioned for a bullish run in the short term.
Meanwhile, mixed performances are seen in other Energy as Brent Crude Oil slumps 1.31% to trade around $72.58. Crude Oil moves 0.59% to trade around $68.49. Heating Oil closed at $2.26 (down 1.08%).
Moreover, United States Crude Oil Inventories is projected to outperform its last figure with -1.10 million. It previously stood at -12.46 million; data will be released today at 15:00 UTC. United States ADP Nonfarm Employment Change (May) is expected today at 12:15 UTC. United States Non Farm Payrolls projected to decline to 180,000 while previous data was 253,000; data will be released tomorrow at 12:30 UTC.
US Natural Gas has fallen back around 76.59% over the past 9 months, from a notable high of $9.68.
