Natural gas prices edged higher but remain rangebound and continue to consolidate. The weather is expected to warmer than normal for the next 2-weeks throughout most of the mid-west and the east coast reducing heating demand. The EIA estimates that US LNG exports hit a record in November.
Natural Gas prices edged higher edging above a downward sloping trend line that comes in near 2.69. Support is seen near the December lows at 2.40. Medium-term momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal.
Serinus Energy plc (LON:SENX) is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.