Natural Gas: Solid support aligns at $2.50
Prices of the natural gas retreated modestly on Wednesday amidst the ongoing weekly choppiness. The daily pullback was on the back of diminishing open interest and volume and bolsters the idea that further weakness looks unlikely in the very near term at least. The commodity, in the meantime, seems well supported by the $2.50 region per MMBtu for the time being.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-