Good afternoon folks. July natural gas futures rallied another 2.5% over the course of the trading session today setting a contract high. Prices quickly tempted the major $3.40 resistance level in the morning but eventually meandered their way back down to where they kicked off the day. With production levels down and overnight weather data …
Natural gas futures have proven some resilience today with a 2% increase to a high of $3.281. Along with a drop in production, the rally upwards could be a result of volatile trading in preparation for the core heat months of July and August. It is clear that a hotter than normal pattern is expected …
Happy Monday and welcome back to all our readers out there. Natural gas futures have been trading lower since Friday with July contract prices settling at $3.19 today. Analysts believe that recent downward momentum could be the culprit of overestimated demand following the heatwaves in Western United States. Further adding to the bearish puzzle is …
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