Natural Gas: A break below $2.97 would prompt additional selling – TDS

Source Fxstreet
Jun 12, 2024 13:57

Commodity Trading Advisors (CTAs) are sellers once again in Henry Hub Natural Gas, TDS analysts note.

Natural gas fails to move above $3.50

“As expected, the market was prone to an easing of the momentum flows as prices failed to move above the $3.50/MMBtu level that was required to see continued buying pressure.”

“CTAs are now rebuilding their short positions, and a break below $2.97/MMBtu would prompt additional selling.”

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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