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Natural Gas Price Fundamental Weekly Forecast - Aggressive Short-Covering Could Trigger Move into $2.406

From fxempire.com

Natural gas futures managed to close higher last week despite the release of a bearish weekly U.S. Energy Information Administration (EIA) storage report. Strength in the cash market propped up futures for much of the week as well as short-covering related to the expiration of the September futures contract and the rollover into the October futures contract. Last week, October natural gas futures settled at $2.285, up $0.129 or +5.98%. By the end of the week, traders were monitoring Hurricane Dorian, but not reacting to it since it hadn’t even made landfall. Given its location in the Atlantic Ocean, off the east ... (full story)

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  • Category: Fundamental Analysis