Natural Gas Futures Weather Market Rally Reaches Critical Chart Area
Posted: Tue Jun 28, 2016 8:08 pm
This guest article was written by James Hyerczyk, financial analyst at FX Empire.
August Natural Gas futures managed to surge to its highest level since the week-ending October 16, 2015 last week, but sellers came in at $2.812 to halt the rally on concerns that the market had advanced too far, too soon. However, buyers came back early this week to reignite the rally, which has thus far amounted to a volatile week of trading.
Traders are showing some resilience however by shrugging off bearish stockpile data as traders continued to focus on the weather and the possibility of strong ... (read more)