Is #nifty heading for 21400? its making lower high after making a recent high of 26277, next high 24758 about to break crucial support 23800-23900
#naturalgas 330.9 inching slowly towards our final TGT 390-400, which looked unreal a month ago around 225-240
U.S. Natural Gas Prices Dip After Reaching 23-Month High: Market Insights and Key Drivers
U.S. natural gas prices pulled back slightly on Friday, following a surge that propelled them to a 23-month high earlier in the session. This fluctuation comes amid ongoing market volatility driven by winter demand forecasts, tight supply concerns, and shifting global energy dynamics.
Key Highlights:
Price Action: Natural gas futures for January delivery dropped to $4.56 per million British thermal units (MMBtu), a slight retreat from the 23-month high of $4.73 hit earlier in the day. Despite this dip, prices remain up nearly 20% for the week, reflecting heightened investor interest.
Market Catalysts:
Colder Weather Outlooks: Forecasts for colder-than-average temperatures in key regions of the U.S. have sparked concerns about increased heating demand, pushing prices higher earlier this week.
Storage and Supply Concerns: U.S. gas inventories are approximately 7% below the five-year average, exacerbating worries about the ability to meet winter demand.
Global Energy Trends: A surge in European LNG demand, coupled with geopolitical uncertainty in major producing regions, has placed upward pressure on U.S. exports and domestic pricing.
Behind the Pullback
The slight easing in prices may reflect profit-taking by traders after the sharp rally earlier in the week. Additionally, forecasts hinting at milder temperatures later in the month could temper demand expectations, providing some relief to the market.
Broader Implications
Natural gas prices are closely watched for their impact on energy-intensive industries, residential heating costs, and broader inflation trends. Sustained high prices could strain household budgets during the winter months while influencing energy policy discussions.
What’s Next?
Market participants will be closely monitoring updated weather forecasts, weekly storage data, and global LNG trade flows. Any indication of further supply tightness or unexpected cold snaps could reignite bullish momentum in the market.
Final Thoughts
While the recent price retreat provides a momentary reprieve, natural gas markets remain highly sensitive to weather patterns and supply dynamics. Investors and policymakers alike should brace for continued volatility as winter progresses.
U.S. natural gas prices pulled back slightly on Friday, following a surge that propelled them to a 23-month high earlier in the session. This fluctuation comes amid ongoing market volatility driven by winter demand forecasts, tight supply concerns, and shifting global energy dynamics.
Key Highlights:
Price Action: Natural gas futures for January delivery dropped to $4.56 per million British thermal units (MMBtu), a slight retreat from the 23-month high of $4.73 hit earlier in the day. Despite this dip, prices remain up nearly 20% for the week, reflecting heightened investor interest.
Market Catalysts:
Colder Weather Outlooks: Forecasts for colder-than-average temperatures in key regions of the U.S. have sparked concerns about increased heating demand, pushing prices higher earlier this week.
Storage and Supply Concerns: U.S. gas inventories are approximately 7% below the five-year average, exacerbating worries about the ability to meet winter demand.
Global Energy Trends: A surge in European LNG demand, coupled with geopolitical uncertainty in major producing regions, has placed upward pressure on U.S. exports and domestic pricing.
Behind the Pullback
The slight easing in prices may reflect profit-taking by traders after the sharp rally earlier in the week. Additionally, forecasts hinting at milder temperatures later in the month could temper demand expectations, providing some relief to the market.
Broader Implications
Natural gas prices are closely watched for their impact on energy-intensive industries, residential heating costs, and broader inflation trends. Sustained high prices could strain household budgets during the winter months while influencing energy policy discussions.
What’s Next?
Market participants will be closely monitoring updated weather forecasts, weekly storage data, and global LNG trade flows. Any indication of further supply tightness or unexpected cold snaps could reignite bullish momentum in the market.
Final Thoughts
While the recent price retreat provides a momentary reprieve, natural gas markets remain highly sensitive to weather patterns and supply dynamics. Investors and policymakers alike should brace for continued volatility as winter progresses.
Market Snapshot: Stocks Edge Higher Amid Rising Bond Yields, Economic Concerns Persist
Global stock markets showed modest gains on Monday, with the MSCI Global Equity Index inching up 0.14%. Meanwhile, U.S. Treasury yields rose alongside the dollar as fresh economic data painted a mixed picture of the U.S. economy ahead of the holiday-shortened trading week.
Key Economic Data
Consumer Confidence Slips:
The Conference Board reported a decline in U.S. consumer confidence, with the index falling to 104.7 in December, well below expectations of 113.3 and November's revised 112.8. Concerns about future business conditions were cited as the primary driver of this decline.
Mixed Manufacturing Signals:
November saw a rise in new orders for U.S.-manufactured capital goods, driven by robust demand for machinery. However, orders for durable goods dropped 1.1%, reflecting weakness in the commercial aircraft segment.
Market Performance
U.S. Indices:
At midday, the Dow Jones Industrial Average fell 0.47% to 42,640.06, while the S&P 500 posted a marginal gain of 0.03% to 5,932.34. The Nasdaq Composite rose 0.39% to 19,647.96. Despite year-to-date gains, both the S&P 500 and Nasdaq experienced losses of nearly 2% last week.
Global Equities:
MSCI’s All-Country World Index gained 0.14% to 845.40, while Europe’s STOXX 600 rose slightly by 0.07%.
Bond Market Update
U.S. Treasury yields climbed as markets prepared for the sale of $69 billion in two-year notes. Trading volumes are expected to be subdued this week ahead of the Christmas holiday.
10-Year Yield: Increased by 4.2 basis points to 4.566%.
30-Year Yield: Rose to 4.7578%.
2-Year Yield: A key indicator of Federal Reserve policy expectations, climbed 3.5 basis points to 4.347%.
Currency Markets
The dollar strengthened, rebounding from the previous session’s decline, as markets digested recent central bank decisions and expectations for diverging rate paths in 2025.
Dollar Index (DXY): Rose 0.37% to 108.19.
Euro (EUR/USD): Fell 0.31% to $1.0397.
Japanese Yen (USD/JPY): Dollar gained 0.49% to 157.17.
British Pound (GBP/USD): Declined 0.43% to $1.2515.
Commodities
Oil: Prices extended last week’s losses, weighed down by concerns over a supply surplus next year and a softer U.S. inflation reading.
U.S. crude fell 1.02% to $68.75 per barrel.
Brent crude dropped 1.14% to $72.11 per barrel.
Gold: Prices edged lower in thin holiday trading, pressured by a strong dollar and higher Treasury yields.
Spot gold declined 0.34% to $2,611.99 per ounce.
U.S. gold futures fell 0.49% to $2,615.70 per ounce.
Investor Sentiment
The Federal Reserve’s indication of fewer rate cuts in 2025, combined with ongoing economic concerns, continues to weigh on market sentiment. Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder, highlighted lingering apprehension over economic stability and potential policy missteps.
As markets approach a shortened trading week, investors remain cautious, balancing optimism about potential economic resilience against uncertainties tied to inflation, interest rates, and geopolitical dynamics.
Global stock markets showed modest gains on Monday, with the MSCI Global Equity Index inching up 0.14%. Meanwhile, U.S. Treasury yields rose alongside the dollar as fresh economic data painted a mixed picture of the U.S. economy ahead of the holiday-shortened trading week.
Key Economic Data
Consumer Confidence Slips:
The Conference Board reported a decline in U.S. consumer confidence, with the index falling to 104.7 in December, well below expectations of 113.3 and November's revised 112.8. Concerns about future business conditions were cited as the primary driver of this decline.
Mixed Manufacturing Signals:
November saw a rise in new orders for U.S.-manufactured capital goods, driven by robust demand for machinery. However, orders for durable goods dropped 1.1%, reflecting weakness in the commercial aircraft segment.
Market Performance
U.S. Indices:
At midday, the Dow Jones Industrial Average fell 0.47% to 42,640.06, while the S&P 500 posted a marginal gain of 0.03% to 5,932.34. The Nasdaq Composite rose 0.39% to 19,647.96. Despite year-to-date gains, both the S&P 500 and Nasdaq experienced losses of nearly 2% last week.
Global Equities:
MSCI’s All-Country World Index gained 0.14% to 845.40, while Europe’s STOXX 600 rose slightly by 0.07%.
Bond Market Update
U.S. Treasury yields climbed as markets prepared for the sale of $69 billion in two-year notes. Trading volumes are expected to be subdued this week ahead of the Christmas holiday.
10-Year Yield: Increased by 4.2 basis points to 4.566%.
30-Year Yield: Rose to 4.7578%.
2-Year Yield: A key indicator of Federal Reserve policy expectations, climbed 3.5 basis points to 4.347%.
Currency Markets
The dollar strengthened, rebounding from the previous session’s decline, as markets digested recent central bank decisions and expectations for diverging rate paths in 2025.
Dollar Index (DXY): Rose 0.37% to 108.19.
Euro (EUR/USD): Fell 0.31% to $1.0397.
Japanese Yen (USD/JPY): Dollar gained 0.49% to 157.17.
British Pound (GBP/USD): Declined 0.43% to $1.2515.
Commodities
Oil: Prices extended last week’s losses, weighed down by concerns over a supply surplus next year and a softer U.S. inflation reading.
U.S. crude fell 1.02% to $68.75 per barrel.
Brent crude dropped 1.14% to $72.11 per barrel.
Gold: Prices edged lower in thin holiday trading, pressured by a strong dollar and higher Treasury yields.
Spot gold declined 0.34% to $2,611.99 per ounce.
U.S. gold futures fell 0.49% to $2,615.70 per ounce.
Investor Sentiment
The Federal Reserve’s indication of fewer rate cuts in 2025, combined with ongoing economic concerns, continues to weigh on market sentiment. Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder, highlighted lingering apprehension over economic stability and potential policy missteps.
As markets approach a shortened trading week, investors remain cautious, balancing optimism about potential economic resilience against uncertainties tied to inflation, interest rates, and geopolitical dynamics.
The key role of GST is to simplify taxation in order to boost economic growth. In this "🍿 popcorn" episode, the biggest takeaway is that they had nothing better to discuss after last disastrous quarter of 5.4% GDP growth 📉.
If they had, they wouldn't have spent time on complicating something that contributes 0.00X% to total GST collection 🤦♂️.
If they had, they wouldn't have spent time on complicating something that contributes 0.00X% to total GST collection 🤦♂️.
#natgasmini 323 not ready to correct after -10% correction last day up by +13% trendline still intact
US Natgas Extends Gains to 2022 High : US natural gas futures rose to near $4 per MMBtu, the highest since December 2022, as bets of stronger global LNG demand magnified the outlook of higher domestic consumption.
Fresh forecasts of a cold front in the US halfway through January drove the industry to raise demand forecasts by 18 billion cubic feet into the weekend.
This coincided with data from the EIA showing that gas storage fell by over 100bcf for the second straight week, deepening the anticipated start to the withdrawal season.
In turn, the decreasing likelihood that Europe will continue to receive Russian gas through Ukraine drove investors to take long LNG positions as EU members search for alternative gas sources.
This raises demand for US LNG at the turn of the US presidency, with President-elect Trump pledging to issue more LNG export permits, driving firms to favor more profitable exports instead of cheaper gas sales domestically due to the ample domestic supply.
Fresh forecasts of a cold front in the US halfway through January drove the industry to raise demand forecasts by 18 billion cubic feet into the weekend.
This coincided with data from the EIA showing that gas storage fell by over 100bcf for the second straight week, deepening the anticipated start to the withdrawal season.
In turn, the decreasing likelihood that Europe will continue to receive Russian gas through Ukraine drove investors to take long LNG positions as EU members search for alternative gas sources.
This raises demand for US LNG at the turn of the US presidency, with President-elect Trump pledging to issue more LNG export permits, driving firms to favor more profitable exports instead of cheaper gas sales domestically due to the ample domestic supply.