MTECHTIPS:-Natural Gas Price Fundamental Daily Forecast – Major Hedgers May Show Up

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MTECHTIPS:-Natural Gas Price Fundamental Daily Forecast – Major Hedgers May Show Up Inside $2.831 to $2.869

MTECHTIPS-Natural gas futures are edging higher early Friday after spiking to the upside the previous session following the release of the weekly government storage report. At 0554 GMT, September natural gas futures are trading $2.821, up $0.005 or +0.18%. Natural gas futures prices jumped Thursday after a government report showed a smaller-than-expected storage build. The U.S. Energy Information Administration announced a storage build of 35 Bcf in the week-ended July 27, raising U.S. inventories to 2.308 Tcf. Total stocks are 688 Bcf now below inventories one year ago and 565 Bcf under the five-year historical average.According to Nat Gas www.mtechtips.com for August 3 to August 8, “A cool front with showers and thunderstorms will stall across the east-central U.S. another day with comfortable highs of 70 s to lower 80 s for lighter demand. Hot upper high pressure continues to dominate most of the West and South with highs of 90 s to 110 F, hottest from California to Texas, although cooling this weekend over the Northwest & California. Hot high pressure will expand across the eastern half of the U.S. Friday through Tuesday with 90s gaining ground for increasing national demand, then easing last next week as weather systems return. Overall, demand will swing between moderate and high

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