{"id":55123,"date":"2021-11-18T19:54:50","date_gmt":"2021-11-18T15:54:50","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=55123"},"modified":"2021-11-18T21:19:54","modified_gmt":"2021-11-18T17:19:54","slug":"natural-gas-rebounds-on-anticipated-eia-injection","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/natural-gas-rebounds-on-anticipated-eia-injection\/11\/18\/market-updates\/","title":{"rendered":"Natural Gas Rebounds On EIA Data"},"content":{"rendered":"\n<p>Natural gas futures trimmed losses ahead of the latest round of government inventory data early Thursday as strong liquefied natural gas takeaway continue to support prices.<br><br>Coming off a 36.1-cent sell-off in the previous session, the December delivery Nymex contract was up 17.7 cents to $4.993\/MMBtu.<br><br>Technical momentum and evidence of strong LNG export levels could be looked upon as key factors contributing to early gains for futures.<br><br>Support for the 100-day moving average held on a closing basis, and early-cycle LNG nominations rose to match a new high just under 12.0 Bcf\/d to prompt a rebound into this morning\u2019s trading.<br><br>During the first three days of this week, the front-month contract has now gained and lost 60 cents as natural gas price volatility has increased. Volatility may remain elevated through next week as December rolls off the board.<br><br>Meanwhile, estimates ahead of this week\u2019s Energy Information Administration (EIA) storage report, indicate a net injection in the mid-20s Bcf.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Natural gas futures trimmed losses ahead of the latest round of government inventory data early Thursday as strong liquefied natural gas takeaway continue to support prices.Coming off a 36.1-cent sell-off in the previous session, the December delivery Nymex contract was up 17.7 cents to $4.993\/MMBtu.Technical momentum and evidence of strong LNG export levels could be &hellip;<\/p>\n","protected":false},"author":13,"featured_media":42797,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6944,7524,7687,7771,7433],"class_list":["post-55123","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-eia","tag-energy","tag-fuel-price","tag-liquefied-natural-gas","tag-supply"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55123"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55123\/revisions"}],"predecessor-version":[{"id":55145,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55123\/revisions\/55145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/42797"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}