U.S. pure fuel costs are falling once more.
The extreme and widespread warmth that we now have been seeing is now anticipated to subside.
Forecasts over the subsequent two weeks have trended considerably cooler.
With costs so low, EIA has turned extra bearish on fuel costs, with its current July STEO placing 2019 Henry Hub spot costs at $2.72 and $2.87 in 2020.
Help and resistance now stand at $2.22 and $2.32, respectively
Loopy low. .
RSI has been round 40, indicating little about market momentum and no actual suggestion of an upward correction within the near-term.
Manufacturing has been caught at 86-88 Bcf/d for a lot of months, with…