External background on the natural gas market remains negative, as overproduction crisis is having an impact on many of the world economy and a decline in industrial production. But this sector is one of the most important components of the country's GDP and natural gas is used as a raw material, which indicates that the long-term downtrend. The dynamics of quotations in the short term is largely determined by changes in the value of oil standard brand WTI and Brent.
Quotations of futures for the supply of natural gas (the GAS) after testing around $ 2.20 (11.4% correctional level of expansion along the lines of the Fibonacci ratio) quotes developing sales with the potential to achieve in the coming weeks, $ 1.94 (23 fibo extension). Saving downtrend will pave the way for the blue fuel realizatsiiprodavtsami our trade ideas in the area of local minima of $ 1.64 - $ 1.70.
News Natural Gas Market background for the week of 01/02 on 07/02/2016:
On Wednesday (3 February) will publish reports on the number of jobs created is with the / x sector by ADP estimates and indices of business activity outside the manufacturing sector of the US economy on the ISM calculations for January.
On Thursday (February 4th) in the gas market traders note message of Energy estimates of the dynamics of stocks in commercial storage tanks.
On Friday (5 February) at the same time will be known settlements on the US labor market in the form of figures on the unemployment rate and number of dynamics created non-farm jobs (Non Farm payrolls).
