- Natural gas recovered sharply in this month from the low of $2.5190 and jumped till $2.926.
- The commodity has made a fresh one-month high due to less than expected rise in natural gas inventories and hot summer.
- The recent weather report suggests that temperatures in the Lower 48 averaged 80 degrees for the week ending July 28, 2016—the highest so far in 2016.
- The last week report from EIA shows that natural gas inventory increased by 11 Bcf compared with expectations of 22 Bcf .
- The prices have strengthened this week on the concern of Tropical Depression 8 is near the Outer Banks and tropical depression 9 is entering the Gulf of Mexico. Both are expected to become storms by Tuesday.
- Technically natural gas is facing strong resistance at $3 and any break above confirms major trend reversal, a jump till $3.32/$3.65/$4.
- On the lower side, major support is around $2.760 (9 –day MA) and break below targets $2.64 (55 day EMA).
It is good to buy above $3 with SL around $2.64 for the TP of $3.32/$3.65


FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro: EUR/AUD bears maintain upper hand
Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD slips after surprise U.S. employment data
EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary 



