View full page at energyexch.com

 

Natural Gas Price Fundamental Weekly Forecast – Not Much Hope for Near-Term Rally Amid Lower Demand Concerns

From fxempire.com

Natural gas futures finished lower last week and in a position to challenge the summer low. However, the inside move suggests there may have been just enough buying in there on Friday to form an inside trading range. This chart pattern tends to indicate investor indecision and impending volatility. This raises a couple of questions for me. What is out there in the news providing support and preventing the major short-sellers from squeezing every drop of profit from the longs still lingering in the market? Is there a buyer in there, or are the bears reluctant to continue to short at current price levels? Last week, ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis