Natural Gas Futures - Jan 22 (NGF2)

4.438
-0.129(-2.82%)
  • Prev. Close:
    4.567
  • Bid/Ask:
    4.434/4.442
  • Day's Range:
    4.359 - 4.664
  • Type:Commodity
  • Group:Energy
  • Unit:1 Mmbtu

Natural Gas Futures Discussions

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  • Natural gas prices managed to partially reverse the recent downtrend on Tuesday. The daily advance, however, was amidst diminishing open interest and volume, supporting the view that extra pullbacks remain on the cards in the very near term. Against that, the $4.70 area emerges as the next contention area.
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    • We have seen often that the Rally begins after shortcovering. In my opinion it is building streng here and will shoot up next week.
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    • Yesterday's low could prove to stand up for some time, question is how high the bounce will go I think before, we'll visit lower prices again, let's see.
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