NYMEX Natural Gas still looks indecisive as it trades even at $2.18

It's been more of the same this session on the back of 6 days of flat trade, Today's session so far looks to be heading in a similar way — NYMEX Gas trades at $2.18 per MMBtu, after ending yesterday at $2.19.

United States Producer Price Index is next today at 12:30 UTC.

This uncertain state for NYMEX Natural Gas is reflected by published market data as data for United States Crude Oil Inventories published yesterday at 14:30 UTC came out at 2.95 million, beating projections of -917,000 and showing improvement over the preceding figure of -1.28 million. United States Consumer Price Index released yesterday at 12:30 UTC with a figure of 4.9%, while the previous figure was 5%. United States Core Consumer Prices came out at 0.4%, while a consensus of analysts was expecting 0.4%.

Natural Gas's upper Bollinger Band® is at $2.39 and the lower is $2.05.

Despite muted price action in NYMEX 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 is up 0.77%. Crude Oil is up 0.77%.

Furthermore, the market is looking at United States Producer Price Index is projected to outperform its last figure with 0.3%. It previously stood at -0.5%; data will be released today at 12:30 UTC. Today at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 245,000 from the preceding figure of 242,000.

Natural Gas has fallen back around 77.37% from the significant high of $9.68 set 8 months ago.