Nat Gas Prices Bounce After Testing Support

Written by on March 1, 2017 in NatGasWeather - No comments

Wednesday, March 1st:  April ’17 nat gas futures were several cents lower in early Tuesday trade, but spiked sharply higher through mid-day to close up around 8¢.  The bounce occurred just as prices tested $2.65-66 for the third time in the past week, and when it again held, shorts appeared to make a rush to book profits.   There wasn’t anything weather related that would justify such a move, especially when considering weather patterns had been trending warmer instead of colder in recent days.

 

Wednesday:

Wednesday:

 

 

Leave a Comment