Planning in advance is the best way to do a natural gas EIA

Today’s market analysis: October 11

Data surface:

1. Flynn, analyst at the energy consulting firm Price Futures Group: The rise in U.S. natural gas futures prices may be due to declining production

On Monday, U.S. natural gas futures prices rose nearly 3% to a 21-month high of $3.277/million British thermal units. , the total number of natural gas drilling rigs in the United States announced last Saturday continued to decline to 94, suggesting that U.S. natural gas production will continue to flatten or even decline, helping to increase natural gas prices; in addition, Hurricane Matthew did not affect natural gas demand as much as expected. Expect a change in attitude among bears.

2. According to AFP news: Russia and Turkey signed an intergovernmental agreement on the "Turkish Stream" natural gas pipeline. [This project aims to deliver Russian natural gas to Southeastern Europe via Turkey, bypassing Ukraine]

3. Energy intelligence agency Genscape predicts that natural gas demand in the four major regions of the United States will show a steady upward trend this week.

4. Energy intelligence agency Genscape: Hurricane Matthew impacts the U.S. natural gas market

Recently, Hurricane Matthew has had a certain impact on the coastal areas of the United States. Although Florida Power and Lighting The company interrupted supply, but Florida's overall natural gas demand was not significantly affected; while natural gas demand in Southern California was hit hard, with its daily demand falling from 400 million cubic feet to 211 million cubic feet due to the passage of "Matthew" until this week. Florida, northern and southern California were still in a state of emergency late on the evening of the day.

5. Yawger, head of futures at Mizuho Bank: Saudi Arabia and Russia’s comments pushed up oil prices by more than 3%

On Monday, the prices of U.S. and Burundi oil prices rose by more than 3%. This is mainly due to It was driven by heavy news. Saudi Arabia said that other oil-producing countries were willing to cooperate, and Russia expressed its willingness to reach an output agreement with OPEC, which increased the momentum of oil price rise; it is expected that the upward trend of oil prices will continue.

Technical aspect:

Today’s market opened at 5838, and then the market was in a volatile trend. Currently, the market is running near 5830, above the upper limit of the Bollinger Band, and the MACD indicator shows a golden cross upward. The red energy column continues to enlarge, the KDJ indicator radiates upward, and the opening has a tendency to fall back and run parallel.

Operation suggestions: At the top, focus on yesterday’s high of 5871, and at the bottom, focus on the upper limit of the Bollinger Band.

1. If the market breaks through the range between today's opening price and yesterday's high and then fails to stabilize and falls back, it is recommended to choose to go short at a high level when the market falls back.

2. If the market falls to near the upper limit of the Bollinger Band, stabilizes and gets effective support, it is recommended to choose to go long here.

The specific operation needs to be based on real-time tracking to avoid affecting the market trend due to data having a greater impact on the market