{"id":142172,"date":"2019-02-20T10:45:46","date_gmt":"2019-02-20T15:45:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142172"},"modified":"2019-02-20T07:11:38","modified_gmt":"2019-02-20T12:11:38","slug":"natural-gas-russian-ruble-analysis-gas-reserves-have-reduced-in-the-us","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/natural-gas-russian-ruble-analysis-gas-reserves-have-reduced-in-the-us\/","title":{"rendered":"Natural Gas\/Russian Ruble Analysis: Gas reserves have reduced in the US"},"content":{"rendered":"
February 20, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Gas reserves have reduced in the US<\/strong><\/p>\n

In this review, we suggest considering the personal composite instrument (PCI) \u201cGas vs. the Russian ruble\u201d. It reflects the price dynamics of US natural gas against the Russian ruble. Will the GAS\/RUB<\/a> rise?<\/p>\n

Such a movement means that natural gas prices are rising in the US, and the ruble is weakening. According to forecasts, the demand for natural gas in the United States will increase this week to 120.3 billion cubic feet per day from 116 billion because of the cold snap. Gas is widely used for heating. As of February 15, natural gas reserves in the US amounted to 1,728 trillion cubic feet, which is the minimum since 2014 and is 16.4% lower than the 5-year average level. The weakening of the Russian ruble may be because of new sanctions. Last week, a group of US senators proposed a new bill providing for additional economic sanctions against Russia.<\/p>\n

\"GAS\/RUB\"<\/p>\n

On the daily timeframe, GAS\/RUB: D1<\/b> has moved from the downtrend to the neutral one. A number of technical analysis indicators formed buy signals. The further price increase is possible in case of an increase in demand for gas in the US and the weakening of the Russian ruble.<\/p>\n