NatGas Plunges, But Long Term Outlook Remains Bullish

Natural gas prices plunged earlier this week in a move that
looks like the final liquidation by investors who bet on a summer
rally. The selling was strong enough to take out last November’s
bottom which means bearish traders wiped out the entire winter
rally. Low demand has been and is expected to keep downside
pressure on the market over the near-term with the majority of
selling pressure to be on the nearby futures charts. Domestic
demand for natural gas over the next two weeks is expected to fall
into the moderate range, ending a three-week…

Natural gas prices plunged earlier this week in a move that
looks like the final liquidation by investors who bet on a summer
rally. The selling was strong enough to take out last November’s
bottom which means bearish traders wiped out the entire winter
rally. Low demand has been and is expected to keep downside
pressure on the market over the near-term with the majority of
selling pressure to be on the nearby futures charts. Domestic
demand for natural gas over the next two weeks is expected to fall
into the moderate range, ending a three-week…