Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

MCX Nautral Gas Futures Price Rises 19% on Forecast of Cold December

30 sec read

MCX Natural Gas November futures soared to 19% after the US weather forecasts called for an increasingly cold winter in December which raises concerns that fuel supplies may not be adequate to meet seasonal demand. Natural gas is soaring, during the month of Nov 2018 alone Natural Gas futures up by a whopping 43%.

The rise in Natural Gas price reflects worries that winter heating demand may draw heavily on stocks of US gas in storage that now sit at 3.2tn cubic feet, the lowest in more than a decade for this time of year.

Natural Gas 5min Charts

The volatility in Natural gas soared to an extreme. And the volatility is expected to be higher for some more days. Nautral Gas hourly sentiment is at the extreme so price sustainability at these higher levels raises lot of concerns.

Natural Gas Hourly Extreme Sentiment

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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