weakness could be linked to concerns surrounding warmer weather in the West, as well as the US Dollar’s latest rebound ahead of the key jobs report for March.
As per the latest readings, China’s Caixin Manufacturing PMI for March drops to 50.0 from 51.6 prior and 51.7 market forecasts. Amid these plays, the Natural Gas price may remain pressured toward the levels marked in the year 2020 surrounding $1.53. However, today’s US ISM Manufacturing PMI and S&P Global Manufacturing PMI for March can offer intraday directions to the commodity prices ahead of Friday’s USUnless crossing a two-month-old horizontal resistance area surrounding $2.40, the Natural Gas price becomes vulnerable to test the April 2020 high of $2.10 and then fall to the $2.00 psychological magnet.