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Natural Gas Futures Rally as Summer Heats Up

From ninjatrader.com

Natural Gas futures (NG) saw gains exceeding 11% Monday morning as bearish investors lightened their short positions and new longs stepped in. This comes after NG saw a 25-year price low late last week.Last Thursday, a bulky storage injection plunged prices to new lows, shaking out what was thought to be the last remaining bulls. However, Friday’s session was unexpectedly calm with no follow through to the downside and low volatility.Abundant Supply vs Hot WeatherAfter hotter temperatures were forecast across the US over the next 7 to 10 days, investors shifted their focus away from the abundant supply and onto ... (full story)

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  • Category: Fundamental Analysis